F.A Hayek, Gold Standard, Gold Exchange, Printed Money, Debt Currency

From [1] http://www.thegoldstandardnow.org/history/what-the-gold-standard-isnt
What the Gold Standard Isn’t
     
The gold exchange standard nor the gold price rule are a true, classical gold standard.

Nobel Prize winning economist F.A. Hayek once quipped, “Government is the only agency which can take a useful commodity like paper, slap some ink on it and make it totally worthless.”

The government has managed chronically to erode the value of the dollar to the point where it is widely, and realistically, expected to keep losing its value against real goods and services as well as against the currencies of other countries. This monetary degradation is bad for the economy.

TheGoldStandardNow.org believes that people deserve better than this in their money. Indeed, we believe that working people deserve the best and that this, in turn, means, in the words of French President Charles DeGaulle: “…there can be no other criterion, no other standard than gold. Yes, gold, which never changes, … which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence


Read more: [2] http://www.thegoldstandardnow.org/history/what-the-gold-standard-isnt