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# The U.S. Dollar Should be Backed by a Meth Standard Instead of a Gold Standard

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xXCryptoXx
 Voting Style: Open Point System: 7 Point Started: 3/2/2014 Category: Economics Updated: 3 years ago Status: Post Voting Period Viewed: 1,228 times Debate No: 48218
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 Pro I'd first like to thank Dan Bench for the argument and resolution inspiration. This has remained one of my favorite debates and ideas so I would like to do this debate myself. This is a troll debate. No semantics U.S. Dollar - Money used in the United StatesMeth - That drug Breaking Bad is centered around Gold - That shiny gold colored stuff that people like Standard - How U.S. currency is valued by using something of value to back up the value of the money First round is for acceptance. Report this Argument Con I'd like to accept the debate. I will argue that gold is better in this troll debate.Report this Argument Pro Thank you for accepting. A Meth Standard would be 3.5X More Valuable than a Gold Standard Since it would easily be within the abilities of the U.S. government to be able to produce very high quality meth under highly controlled laboratories with expert scientists it is safe to state that the meth backing up the U.S. dollar would be of a high quality variety. For this debate we will use a news story in which 165 pounds of meth found to be worth 11 million dollars was discovered in New Jersey in 2008. [1] Doing the math this would mean that one gram of meth equates to \$146 (\$11,000,000 divided by 165 lbs= \$66,667 a pound then you convert that to grams.) 24 Karot gold on the other hand is only worth \$41 per gram[2], therefore making meth 3.5X more valuable. Inflation has become a problem in the United States and inflation could largely be solved by converting to a meth standard. Meth is Far Cheaper to Produce Here gold truly fails and this is where the gold standard truly fails. One ounce of gold costs about \$1,148 (about 24 grams in an ounce at \$41 per gram) but it can actually cost anywhere from \$333-\$3,764 to actually produce one ounce of gold. [3]This means that at it’s cheapest it costs more than one/fourth of the value of gold to produce and at its most expensive costs upwards towards 3X more to produce than it is actually valued. Meth on the other hand literally just combines seemingly everyday objects together in different ways in order to produce meth. Meth contains: [4] Sodium Hydroxide which can be found commonly in drain cleaner, and is used to make biodiesel Anhydrous Ammonia which can be found in chemical fertilizer Iodine Red Phosphorus which can be found on matches Ephedrine which is a drug that can be found in pharmacies Ether, which is used as an anesthetic agent Drano, which can be found in stores Brake Fluid Lighter Fluid Hydrochloric Acid All of these can be easily possessed even by poor individuals while meth is illegal. The government could easily get the purest chemicals from this stuff in order to produce good meth cheaply. Gold Prices are extremely unstable This year alone there has been a 25% drop in the value of gold. [5] This is massive. In addition, in the 1980’s gold had a value decrease by 50%. [6] If the U.S. dollar was backed by gold standard the inflation would become extremely necessary, in the the U.S. dollar would become absolutely valueless, then necessary again, and keep on repeating like a roller coaster. People would be losing their jobs, business would have to constantly change prices, and the entire economy would be in chaos because of the inconsistency of gold value. Conclusion A meth standard has been shown to be far more reliable and far more valuable than a gold standard. It would allow the economy to truly flourish as opposed to the chaos a gold standard would present. Over to you. Report this Argument Con Kytax forfeited this round. Pro Bah, I win. No new arguments on the last round.Report this Argument Con Kytax forfeited this round.
5 comments have been posted on this debate. Showing 1 through 5 records.
Posted by 16kadams 2 years ago
if you want to be technical, the issues of a gold standard apply to any system backing money with a commodity :P
Posted by SeventhProfessor 3 years ago
I was really looking forward to someone not forfeiting this debate.
Posted by xXCryptoXx 3 years ago
I didn't want to debate the topic.
Posted by Pfalcon1318 3 years ago
Crypto, why did you decline my Challenge?
Posted by SeventhProfessor 3 years ago
The following exception(s) occurred:

You cannot accept this challenge because you do not match the Instigator's age, rank or number of debates completed criteria.
4 votes have been placed for this debate. Showing 1 through 4 records.