[quote=urbanrealtor]The irony of being against price controls and for a gold standard seem entirely lost on Paul.[/quote]
That doesn’t make any sense at all. Making something the currency isn’t the same as controlling the price of it. You may be controlling the dollar denominated price, but the whole point is that the dollar-denominated price is irrelevant. In a gold standard it’s the price of things in gold terms that matters, and all such things can float freely, and conversely the price of gold against anything else can float freely. Linking the dollars to gold is just a convenience so you don’t have to carry ingots around, it’s not fixing or controlling the price of anything.
(I am not endorsing a gold standard and I have no interest in debating the merits of a gold standard… I’m just pointing out that the above quote is a misapprehension of what price controls are).
