Gold Standard

Yes, who does not remember Grandpa Calkins muttering about the gold standard, deploring the government's decision to depart from the gold standard. Yes, and someone is trying to continue the same old argument over the gold standard even though Grandpa Calkins has been gone for about 20 years now at least and the gold standard abandoned for longer, since 1976. What does gold matter now when paper is abundant? One can always grow more trees. Anyway, everyone already knows that the value of money cannot be fixed. It fluctuates due to inflation or deflation. No big secret there. So why all this fuss over nothing much? Discussion of the monetary system is not found in chemistry textbooks. At least our money still bears the words "In God We Trust," because that is all that we would need to say about that. "In God We Trust" is a good fix for monetary policy. However there is still the problem of these loose cannons rolling around the decks.