a NEEDED GOLD STANDARD IN ISRAEL!

[The proud Jew]

i am just suggesting once we take back israel from the self hating jews, lets have our shekel be backed by gold! No more centralized banking garbage, let us have a stable currency!

[serbian army]

I totally agree with you!! America should follow this path

[Meerkat]

the main disadvantage of that would be that anti-recessionary policy often requires manipulating monetary supply. i think we should keep a golden shekel during good times so that the currency remains strong, but allow transgressing it when you need some Keynesian economics to prop up the economy. controlling unemployment is more important than controlling inflation as it causes much more misery.

[White Israelite]

Only problem is Israel is one of the few countries with no gold reserve, even some of the poorest nations have some sort of gold reserve and Israel has none. I don't understand it.

[The proud Jew]

Im just saying keysnian economics screwed israel for 40 years because we were socialist. we dont have any gold resources in israel same with diamonds. But ramat gan is a diamond trading and cutting capital of the world. why cant we also have alotta gold refinerys buy alot of gold from the world, refine it and thats how we get a good supply.

[muman613]

Im just saying keysnian economics screwed israel for 40 years because we were socialist. we dont have any gold resources in israel same with diamonds. But ramat gan is a diamond trading and cutting capital of the world. why cant we also have alotta gold refinerys buy alot of gold from the world, refine it and thats how we get a good supply.

Shalom,

I will just suggest that you CAPITALIZE Israel... It is the proper name of a country and should be capitalized.

Thank you...

[lines]

http://mises.org/daily/1829

Article in favor of the gold standard

[Meerkat]

Im just saying keysnian economics screwed israel for 40 years because we were socialist. we dont have any gold resources in israel same with diamonds. But ramat gan is a diamond trading and cutting capital of the world. why cant we also have alotta gold refinerys buy alot of gold from the world, refine it and thats how we get a good supply.

you have to run an economy correctly in order for you to be able to resort to keynesian economics. in hebrew, we have a saying, "those who don't cook on sabbath eve, wont eat on the sabbath". basically, you have to run an economy well when its out of crisis in order to be able to resort to keynesian when s**t hits the fan. we must run a surplus during good years and we must keep inflation low. if you do that and you get a recession, you can than cut taxes and make government programs in order to stimulate aggregate demand.

[MassuhDGoodName]

The Proud Jew:  " ... buy alot of gold from the world, refine it and thats how we get a good supply. "

I don't understand what "the gold standard" is supposed to mean or do.

Can anyone explain it to me, in terms of how Israel can get a gold standard and then once she does what to buy with all the money ?

[MassuhDGoodName]

Re:  "even some of the poorest nations have some sort of gold reserve and Israel has none. I don't understand it. "

The Government won't let the Jews have the gold because there are already too many Jews in Israel with "Gold" making up all or part of their family surname.

So if Israel gets a Gold Standard, there' be even more confusion in the Tel Aviv phonebook.

You'll have Goldmark, Goldfarb, Golden, Goldbrenner, Goldberg, Goldman, Goldwasser, Goldstein, Goldstone, Goldwyn, Golda, Steingold, and then "Goldstandard"!

[Dr. Dan]

Israel has lots of diamonds

[HiWarp]

the main disadvantage of that would be that anti-recessionary policy often requires manipulating monetary supply. i think we should keep a golden shekel during good times so that the currency remains strong, but allow transgressing it when you need some Keynesian economics to prop up the economy. controlling unemployment is more important than controlling inflation as it causes much more misery.

Let me begin by saying that I disagree with Keynesian economics. Having said that, Keynes did not envision the government working as it does today. Sure, he was for increased government spending and increased government debt during economic downturns but he was also for DECREASED government spending and paying down that debt to the point of running a surplus during economic upturns. Is that the way governments function today?