The Instigator
alitar
Pro (for)
Tied
0 Points
The Contender
AT-LOW
Con (against)
Tied
0 Points

Returning to the gold standard would be bad

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Post Voting Period
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Voting Style: Open Point System: 7 Point
Started: 9/24/2018 Category: Economics
Updated: 3 years ago Status: Post Voting Period
Viewed: 756 times Debate No: 118385
Debate Rounds (3)
Comments (0)
Votes (0)

 

alitar

Pro

Returning to the gold standard would be bad for our economy
AT-LOW

Con

A few things need to be clarified before we can proceed properly.

1) By 'our' economy, Do you mean 'The United States of America' or do you mean a sort of 'Global Economy' averaging out all the major nations?

2) Presumably by 'would be bad for our economy' means that our nation would lose money overall? Or is there some other 'specific' meaning?
Debate Round No. 1
alitar

Pro

I meant to say that by returning to the gold standard we would artificially limit our money supply and that would be bad.
AT-LOW

Con

1) Since my opponent still hasn't decided if he means for a certain country or not, I'm going to assume he means globally. The main point seems to refer to everyone.

2) The problem with this argument is that value itself can fluctuate. Once we had returned to the gold standard the value of gold would quickly shift in a manner that balanced the value of gold with the current conditions of the economy. So the only thing that would be limited is the 'quantity' of gold, But the value would remain unchanged. Plus, Gold is malleable, So unlike coins or dollars, You can have almost any 'amount of gold' from super small amounts to large amounts-- so once the value shot up, People would be expected to simply have a 'small-ish' portion of all the gold and that would still be sufficient.
Debate Round No. 2
alitar

Pro

alitar forfeited this round.
AT-LOW

Con

AT-LOW forfeited this round.
Debate Round No. 3
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