So much wealth has been created since Nixon took the USA off of the gold standard. I am speaking of buildings, roads,cars and devices to help live our lives. Is there enough Gold to back all of this up ? Should there be? In the higher echelons in the world of spending money persons pay many millions of dollars for paintings by Rembrandt,Monet and even Picasso. This rewards human ingenuity and absolute creativity.

Volcker...more of a flip-flopper than anything. First, destroying the gold standard, then tough guy killing inflation and lastly, signing on to Obama's reign of error which nearly doubled the national debt from around $10 trillion to nearly $19 trillion and, lastly, lamenting the current circumstances (from a recent article I read of an interview in September).