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Economists pan idea of new U.S. gold standard

WASHINGTON — As Republican presidential hopefuls entertain calls to fix the value of the dollar to the price of gold, a panel of leading economists on Wednesday roundly panned the idea of a return to the gold standard. A poll of nearly 40 bipartisan economists showed no support for the…

Never assume logic when it comes to teabaggers

Andrew Leonard has a piece up at Salon about the gold standard and the people who obsess over it. It’s amusing, but his read on why people obsess over the gold standard is, I believe, somewhat off. Of course, to many advocates of the gold standard, restricting government freedom is…