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Originally Posted by Nietzsche
Eh. I don't like him. His economic policies are absolutely insane.
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How so? I'm not sold on the return to reserve currency quite yet, but it's a very stable system compared to fiat and would make hyperinflation, "credit crunches" and all the rest virtually impossible. Abolition of taxes on income, savings and investments sound as though they'd be good for everyone bar government departments (and two thirds of federal income come from elsewhere, remember). A great deal of foreign investment and banking would be attracted to the US, I'd bet.
On the gold standard:
YouTube - GOLD VS DOLLAR
Personally I'm of the opinion that the value of currency should be linked to economic output in raw physical terms (how much steel you turn out, how many ships you can build, how many cars are rolling off the production line...) but I can see the appeal of having precious metals of genuiune independent wealth in the currency of the land, as it stops them devaluing past a certain point and makes the financial sector harder to manipulate.
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Not to mention he's way too on the fence on important rights' issues. "States rights! States rights! States rights!" That's the bloody mentality that started the Civil War.
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I don't think that's true. He's always stated his opinion on the controversial subjects such as abortion, but he accepts that these are complicated moral issues. He doesn't want to make everyone's decisions for them so he supports the right of the people to make these decisions at the local level. Bloody-mindedness in regard to States' rights might have started the civil war, but disregard for local people has seen atrocities as bad or worse take place (the democide of the Marsh Arabs, the starving of 4-7 million Ukrainians by Stalin, unrest in Tibet and Inner Mongolia, the Armenian genocide...).