Printing money without backing leads to ruin

I WATCHED (on the internet) the recent Frontline Show with Pat Kenny when an audience member raised the issue of Britain and the United States going off the gold standard.

Printing money without backing leads to ruin

The audience member suggested any debate over Ireland’s shaky economic condition should begin with a debate over the efficacy of returning to the gold standard.

Kenny dismissed the audience member’s comment by saying “That is a discussion for another time.”

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