Nonsense. The Gold Standard in no way prevents somebody (anybody) from taking on to much debt and going bust. > The only thing that makes the current situation

Nonsense. The Gold Standard in no way prevents somebody (anybody) from taking on to much debt and going bust. > The only thing that makes the current situation tenable is being able to print money. That is factually wrong. The current situation isn't untenable from a financial standpoint. But over the medium term it would require hard choices.