Question: Why is the gold standard such a bad idea? I know it is a discredited system, but having never studied economics, I don’t understand why. Right now, is our money just some arbitrary amount issued by the Federal Reserve?…

Apr 29

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Economy Shrank by 6.1% in First Quarter

The Commerce Department released numbers Wednesday estimating the economy contracted during the first three months of the year at nearly the same rate as the final quarter of 2008, marking the third straight quarter of decline since the late 1950s.