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"he confiscation of gold was done to eliminate the best (and popular) store of value." 'Best' no, 'popular' yes and that was crippling the economy.

• beagle3 15y ago
  It was 'crippling the economy' in the same sense that Bill Gates and Warren Buffets money not being spent is "crippling the economy". And it what FDR has done to savers is just as fair as "liberating" said money from BillG and WarrenB's bank accounts would be.
  • Steko 15y ago
    "It was 'crippling the economy' in the same sense that Bill Gates and Warren Buffets money not being spent is "crippling the economy". " Umm no. What happened was people took their money out of the bank to hoard gold which crippled the money supply and credit markets. Which is exactly what would happen if Gates et al. decided to hold their money under the mattress instead of in the bank.
  • william42 15y ago
    Aren't Bill Gates and Warren Buffett currently trying to spend as much of their money as possible on charity work, as well as lobbying to get the amount of taxes they have to pay increased?
  • nl 15y ago
    That's an inaccurate analogy (or rather it make the point opposite to what I think you are trying to say). Gate's and Buffet's "money" is stored in stock in companies, which add value to the economy - ie, their money is active and productive. That's the opposite to storing value in gold.