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Larry M. Lounsbury

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Member Since: Nov, 2006

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Featured Book
The Significance of A Dream
by Frances Seymour

The Significance of A Dream is An Inspirational Book of Poetry & Short Stories. The inspirational prose in this book will warm your heart...  
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Blogs by Larry M. Lounsbury

Gold-untarnished Fiat?
7/17/2009 12:06:14 PM
Shall we return to a more stable economic system where our sovereign Banks had more control? Is there a danger of world banks controlling a countries economy? An article from the web raises some good questions.

"If the future purchasing power of the paper dollar becomes less and less predictable, it also seems probable that gold will be more and more widely used as a medium of exchange. If this happens, there will then arise a dual system of prices — prices expressed in paper dollars and prices expressed in a weight of gold. And the latter may finally supplant the former. This will be all the more likely if private individuals or banks are legally allowed to mint gold coins and to issue gold certificate...But even of the small number of monetary economists who favor a return to a gold standard, probably less than a handful accept the idea of such a 100 percent gold standard. They want a return, at best, to the so-called classical gold standard — that is, the gold standard as it functioned from about the middle of the nineteenth century to 1914. This did work, one must admit, incomparably better than the present chaos of depreciating paper monies," (Hazlett:Gold Vs Fractional Reserves).


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More Blogs by Larry M. Lounsbury
• Vote for Actor Friend. - Monday, November 02, 2009
• Adam lambert - Tuesday, September 15, 2009
• Adam Lambert in NYC - Tuesday, August 18, 2009
•  Gold-untarnished Fiat? - Friday, July 17, 2009  
• Iran's Vote - Saturday, June 20, 2009
• Spice trade correction - Thursday, June 11, 2009
• Something to think about. - Saturday, April 25, 2009
• The Jews Face a Double Standard - Thursday, January 08, 2009
• From Failout To Bailout: How To Shut Down The Fed - Wednesday, October 01, 2008
• Caroline's Mum - Saturday, July 05, 2008
• Data Base - Friday, June 27, 2008
• owards a nationalisation of parts of the US banking system - Monday, April 07, 2008
• Over 100,000 hits! - Thursday, January 31, 2008
• Why wars and suffering - Monday, September 24, 2007
• Why I believe in True Love - Monday, September 24, 2007
• Arctic ice melt opens Northwest Passage - Sunday, September 16, 2007
• Question of Love - Saturday, September 15, 2007
• Language of Trees - Friday, September 07, 2007
• Accident Day - Sunday, September 02, 2007
• Quantas Air Division - Tuesday, August 14, 2007
• Heavenly Voices - Tuesday, June 12, 2007
• Doppleganger and Things That go Bump in the Night - Friday, June 08, 2007
• Sense and Meaning - Tuesday, April 24, 2007
• DNA - Wednesday, April 18, 2007
• Birthday and Vision - Tuesday, March 13, 2007
• Overwhelmed - Saturday, March 03, 2007
• Claustrophobic - Monday, February 26, 2007
• Sacrifice Of Freedom - Monday, February 26, 2007
• Busy Week - Friday, February 23, 2007
• Logic Ahead of Its Time - Wednesday, February 21, 2007
• Picking The Next President - Wednesday, February 21, 2007
• Life's Simple Pleasures - Tuesday, February 20, 2007
• Stories and Studies - Thursday, February 15, 2007
• My Wifes Blog - Tuesday, February 13, 2007
• Hot Night - Monday, February 12, 2007
• Wife’s Embarrassing Moment - Sunday, February 11, 2007
• An Image of Him - Saturday, February 10, 2007
• Loving Yourself - Friday, February 09, 2007
• Mission Impossible - Sunday, February 04, 2007
• Grandma Still Drives - Sunday, February 04, 2007
• SID Vicious - Friday, February 02, 2007
• Trashy People - Thursday, February 01, 2007
• Public Speaking - Thursday, February 01, 2007
• Communication With A Highlander - Wednesday, January 31, 2007
• Perfection In a Imperfect World - Wednesday, January 31, 2007
• Repost number 28 - Monday, January 29, 2007
• Bilingual - Monday, January 29, 2007
• A Duck's Story - Monday, January 29, 2007
• Forgiveness - Sunday, January 28, 2007
• More Short Stories - Saturday, January 27, 2007
• Timelapse - Friday, January 26, 2007
• Snake Food - Friday, January 26, 2007
• Embarrasing Moments - Friday, January 26, 2007
• Finding My Groove - Tuesday, January 23, 2007
• Business ethics and Personal Ethics - Monday, January 15, 2007
• Pure Logic-Realities of Moral Absolutes - Saturday, January 13, 2007
• The Human Connection - Thursday, January 11, 2007
• More Input - Wednesday, January 10, 2007
• Free Time - Monday, January 08, 2007
• Essense of Time - Saturday, January 06, 2007
• Order in the Universe "General Grand Unification Problem" - Friday, January 05, 2007
• Too Much Rhetoric - Wednesday, January 03, 2007
• Smoke and Mirrors - Tuesday, January 02, 2007
• Jerusalem - Sunday, December 31, 2006
• Writing - Wednesday, December 27, 2006
• Love - Tuesday, December 26, 2006
• Christmas Music - Friday, December 22, 2006


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