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Should the U.S. issue gold-backed paper money alongside its fiat issues?

Editor Dave Harper wants to know:

Should the U.S. issue gold-backed paper money alongside its fiat issues?

Let us know your thoughts and feedback on our weekly poll question by entering your comments below or by emailing: david.harper@fwcommunity.com.

More on this topic:
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Do you favor hard assets over fiat money?

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2 Responses to Should the U.S. issue gold-backed paper money alongside its fiat issues?

  1. mattw1978 says:

    yes I think they should because being born in the late 70s I’ve never seen one and I think it would give the public more faith in our currency

  2. WBrowns476 says:

    No. It will put the Country on a two tier system and it will limit growth with the requirement that the Treasury keeps gold to back that currency. It could also pose a problem for the Government when people try to exchange their currency for gold.
    The country saw great problems with this which resulted in great recessions and financial collapses, and FDR made his controversial order essentially confiscating all the gold in this Country, making it illegal to own bullion or anything other than nominal amounts of gold to boost the economy. Gold backed currency is from another era. After all, if anyone wants to have gold all they need to do is take their green backs and convert them into gold at one of the many places that sell gold coins and bullion.
    William H. “Bill” Brownstein

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