Posted by Bill Nazzaro on December 16, 2003 at 15:01:07:
In Reply to: Re: Re: Re: Re: Re: Why no more Getzens? posted by Real Capitalist on December 16, 2003 at 14:20:35:
It's insurance. You pay, so if you don't work, you can collect. It's how insurance works. And the gold standard? That's so Great Depression. Let's see: high unemployment, the dollar fixed to the price of gold, a government unwilling to spend to fund a recovery = a run on the banks and years of poverty for a majority of Americans.
But at least Mr. Potter is doing well.
Boom and bust is not the way to go. Learn from the past. Please.