U.S. may lose top credit rating soon, Moody's says

[Susan45]

No mention of gold

Which Gold Standard?

Which definition we choose, then, depends on what kind of gold standard we would like to attain. At the very least, it must be a genuine gold standard, that is, the dollar must be tied to gold permanently at a fixed weight, and must be redeemable in gold coin at that weight. That rules out all forms of pseudo gold standards such as the 1933-1971 monetary system of the United States, or its subset, the Bretton Woods system of 1945-1971. It rules out, similarly, the pseudo gold standard advocated by the supply-side economists, who would go back to something like Bretton Woods. There would then be no gold coin redemption, and, even worse than Bretton Woods, which at least kept a fixed dollar weight in gold, the Federal Reserve would be able to manipulate the dollar definition at will, in attempting to fine tune the economy to achieve such macroeconomic goals as full employment or price level stability."

The Case for Genuine Gold Dollar - - Mises Institute

.

Mr. Rothbard has been dead since 1995.