we should return to the gold standard
Debate Rounds (3)
google docs are not a violation of conduct.
Constitution mandated many things which have been amended
The Constitution mandated many things when it was ratified, things which would not work in today's economy. For example, slavery. Slavery was ratified in the Constitution but just because it was ratified, does that mean that we should still have it implemented in the US today? The answer is no. Just because it was passed in the Constitution does't mean it would work today.
Next, my opponent contended that we would bring stability back, but for this point, lets look at past precedent, or what happened when the gold standard was in place.
Gold standard led to 26 recessions and 6 depressions:
When the gold standard was in place in America, we had many more depressions and recessions then we have had since the gold standard has been repealed. This simply shows us that the gold standard brings anything but stability in the US. https://www.nolanchart.com...
Finally, my opponent said that a gold standard is more reliable, but this ties back to my last point that it isn't reliable, the value of gold fluctuates and it would not be a good system to implement or revert back to in the US
Now with my opponent's arguments outlined and responded to, let's look at a couple of problems with this system that the Affirmative would like to implement
It is impossible for the US to return to the gold standard
Let's take a second here to examine the amount of gold that is available in the world. In the world today, there is about 9 trillion dollars worth of gold with the US owning about 478 billion dollars of it. But the US has a 15 trillion dollar economy, it is simply unfathomable to ever back to the gold standard because there is not enough gold in the world to support our economy. https://www.nolanchart.com...
This point leads me into the impact of another depression:
With the gold standard back in place, the US would plunge into a deep depression because we would not be able to back up our dollars with gold. What happens? Prices skyrocket, jobs are lost, and the poverty rate shoots to an all-time high.
I am eager to my opponents response, but currently, the vote should definitely fall to the Negative
So in refutation to his contention of Constitutionality, my response is that the gold standard can't be found in the Constitution.
Nowhere in the Constitution does it mandate a gold standard. What my opponent is referring to is Article 1 Section 10 where it says, ""[No State shall] make any Thing but gold and silver Coin a Tender in Payment of Debts;". This does not require a gold standard, rather, "it is a restriction on the individual states States of what they can make legal tender, and not a requirement that they make gold and silver coin legal tender. In the same section is the restriction which prohibits the States from coining money, so the only money that can be coined by government is by Congress, and includes more than just gold and silver."
Secondly, he talked about stability, and he made the professional which I quoted look like he had no idea what he was talking about. Bringing you back to his speech, he didn't cite anyone who said that there were no recessions during the gold standard era. Has he forgotten the Great Depression? Perhaps he has never heard of the Panic of 1893 which was caused by the gold standard. Just as a side note, unemployment rates were much higher than they are today. By implementing a gold standard, we would skyrocket the unemployment rate once again.
He briefly touched on the point about America not having enough gold, but once again he had no source and therefore I win this point. America has a 15 trillion dollar economy, yet we only have 478 billion dollars of it. Our economy could not run on the gold standard. So unless my opponent wants to send us into a depression, you must vote Negative.
It is for all of these reasons which I have presented and have backed up, as well as my opponent not upholding his burden of proof, the only way you can vote is Negative. The status quo is innocent until proven guilty, and the judgment in this round is INNOCENT.
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