Comment by expedition32
3 hours ago
The US spending more money than comes in has been the problem. You cannot blame that away.
(Don't get me wrong I am grateful that America spent billions on the CIA fighting commies and launching rockets to the moon but in hindsight that party was never going to last)
The argument is that on a hard money standard, the US government would simply not be able to spend as much as it has, because it would not ne able to print money as it has been doing.