Let's Try This Again

Elaborating on a few notes from last night:

1) I watched the Gold Cup final - some of it.  Chichirito is a  the real deal.  He gave up a stat padding goal.  He's a top Ten international player for me.

2) The Gold Standard - which has enjoyed a resurgence under Ron Paul - is a manifestation of one person's lack of faith in another.  I could never figure out why anyone would want the gold standard back.  It's like manifesting a belief that cavemen rode dinosaurs.  Or maybe a return to monarchy.

But in reading The Lords of Finance I found that the reason the gold standard was so revered - even in the face of compelling arguments by monetarists like Keynes - was that the gold standard was an absolute.  It could not be tinkered with by politicians, like the way the Germans blew up their currency in the early 1920s. A belief in the gold standard, in other words, is a belief that humans cannot manage their own affairs properly.