U.S. Rep. Madison Cawthorn (R-NC) is getting mocked yet again, this time for suggesting the United States and the rest of the world should tie all our currencies to highly volatile, all-but-totally-unregulated, and environmentally damaging cryptocurrency.
Why do we not use cryptocurrency as the new gold standard?
— Rep. Madison Cawthorn (@RepCawthorn) September 30, 2021
Doing so would also harm America greatly in other ways. The U.S. dollar is "the world's reserve currency."
It's not going well for Cawthorn.
It's best if you don't talk. You are very dumb.
— The Hoarse Whisperer (@TheRealHoarse) September 30, 2021
Man who failed out of his first term of community college has thoughts on monetary systems.
— Creamy Center (@creamy_center) September 30, 2021
Tell me you know nothing about cryptocurrencies or the gold standard without telling me you know nothing about either 😉 https://t.co/vzWZBQ7olN
— Cian Twomey 🌐 (@cian2me) September 30, 2021
Can you tell us which class at Patrick Henry College you learned about the gold standard and your reasons for having it and replacing it? In particular, since we have not used the gold standard in 50 years, why do you bring it up?
— Bret (@whyamidoingtwtr) September 30, 2021
Wow. This is actually dumber than what Ron Paul used to say. https://t.co/mVirdAIXI2
— Matt Winfough 🇺🇸💉 (@MattWinfough) September 30, 2021
Do you even know what cryptocurrency is? Explain how value is created. I'll wait.
— Rich🗣 (@DLiberalFLMan) September 30, 2021
Is that how the anti democracy lobbyists are paying you? Someone needs to look into this.
— HeyPeterMan (@PTOTHEK4) September 30, 2021
I am no economist but I thought the whole point of the gold standard was that the value of gold stays relatively stable over time
Cryptocurrency is wildly volatile and would be the exact opposite of what you would want Also the gold standard hasn't been a thing since WWII iirc https://t.co/bYZwEhLqDE — Board-Certified Rat Bastard (@coprofish) September 30, 2021
Guys, I found it. The WORST contribution to the internet today.
— Brandi Bennett (@bbennettesq) September 30, 2021
because it isn't backed by anyone or anything genius
— Bob (@BTWOM007) September 30, 2021
Probably the stupidest thing I have ever read, and everyone else is stupider for having read it. https://t.co/LvkFrHgx45
— Miles (@miles503_) September 30, 2021