a*o
发帖数: 19981 | 1 http://online.wsj.com/article/BT-CO-20110301-714533.html
WASHINGTON (Dow Jones)--Federal Reserve Chairman Ben Bernanke defended the
central bank's effect on the dollar Tuesday, pushing back at the idea that
policy makers should consider alternative proposals like the gold standard.
Bernanke, appearing before the Senate Banking Committee, was pressed by Sen.
Jim DeMint (R., S.C.) on the viability of a return to a gold-backed economy
or the idea of the Treasury Department issuing bonds payable in gold.
Bernanke, who has studied the issue, said a return to the gold standard
wouldn't work.
"It did deliver price stability over very long periods of time, but over
shorter periods of time it caused wide swings in prices related to changes
in demand or supply of gold. So I don't think it's a panacea," Bernanke told
DeMint.
Additionally, Bernanke said there were a number of practical issues that
would prevent the return of gold as the world standard. Namely, there's not
enough gold in the world to effectively support the U.S. money supply.
"I don't think that a full-fledged gold standard would be practical at this
point," Bernanke said, declining to opine on the gold-backed bond issue
because he was not familiar with the idea.
Sen. Mark Kirk (R., Ill.) also engaged Bernanke on the currency issue,
questioning whether the Fed's $600 billion bond-purchase program is in
effect monetizing the U.S. debt. Bernanke noted that the U.S couldn't have
currency outstanding if there were no Treasury securities to back it up, and
that even the most steady economic times the Fed engages in the buying and
selling of U.S.-backed securities.
Kirk, however, noted that the U.S. did have currency not backed by federal
debt at one time in its history: under the administration of President
Andrew Jackson, the nation's seventh president.
Bernanke, appearing amused, was quick to respond.
"So this was before the Civil War, this was during the period where
individual banks issued currency. We didn't have a national currency,"
Bernanke said.
Not to be outdone, Kirk asked whether it was possible for a country to have
a currency without a trillion dollar debt. Bernanke said that was the case.
-By Michael R. Crittenden, of Dow Jones Newswires; 202-862-9273; michael.
c********[email protected] | a*o
发帖数: 19981 | 2 highlight：
Namely, there's not enough gold in the world to effectively support the U.S.
money supply.
LOL~~~
I think the gold really need to be over $10000/oz exchange rate in order to
serve as money. Silver @500 may serve as a good help. | h***e
发帖数: 20195 | 3 毛哥，你发了
S.
to
【在 a*o 的大作中提到】
: highlight：
: Namely, there's not enough gold in the world to effectively support the U.S.
: money supply.
: LOL~~~
: I think the gold really need to be over $10000/oz exchange rate in order to
: serve as money. Silver @500 may serve as a good help.
| a*o
发帖数: 19981 | 4 发个P，哥拢共就那么几个小本钱，X10也还是小钱，X1000还有点看头，总不能指望银
子涨到30000块钱一oz吧？
哥其实就是打个酱油看个热闹而已，顺道捡几个quarter。
【在 h***e 的大作中提到】
: 毛哥，你发了
:
: S.
: to
| g******n
发帖数: 53185 | 5 那到不用，只需要美元作废，用金子银子买东西。这样一块银子全家吃一个月，3块金
子买个宅子
【在 a*o 的大作中提到】
: 发个P，哥拢共就那么几个小本钱，X10也还是小钱，X1000还有点看头，总不能指望银
: 子涨到30000块钱一oz吧？
: 哥其实就是打个酱油看个热闹而已，顺道捡几个quarter。
| a*o
发帖数: 19981 | 6 我擦那太美好了！
【在 g******n 的大作中提到】
: 那到不用，只需要美元作废，用金子银子买东西。这样一块银子全家吃一个月，3块金
: 子买个宅子
| g******n
发帖数: 53185 | 7 到那时，咱们全成了地主老财，家里妻妾成群，骡马遍山。每天打滚花钱也花不完
【在 a*o 的大作中提到】
: 我擦那太美好了！
| d*j
发帖数: 13780 | | a*o
发帖数: 19981 | 9 哥隐隐觉得好像不大现实。。。。。。
【在 d*j 的大作中提到】
: 那太美好了！
|
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