The United States should return to the Gold Standard:

I assumed round 2 was reserved for just arguments not counter arguments anyway to counter your reasons. "Reason #1; The Constitution says we should have a gold standard" This all depends on your method of interpretation of the constitution. If we used strict interpretation of the constitution we wouldn't have ex been able to make the Louisiana Purchase. I could say the constitution indicates the government has the power to issue money, it does not include gold or silver "Reason #2; We should still be on a gold standard legally" "Richard Nixon, who took us off the Gold Standard" FDR was the one that took the US off gold standards in 1933, while Nixon ended convertibility. I'm not going to get more into this as my knowledge on the legality is limited. "Reason #3; Gold and Silver keep their value, paper gravitates toward its intrinsic value- zero:" That is false. "Between 1879 and 1933, when the United States was on a full gold standard, the inflation adjusted market price of gold fluctuated from the $700 range (1890s) to the $200 range (1920s). From 1934-1970, when the US was on a partial gold standard, the inflation adjusted price of gold went from $563 to $201." The value of gold fluctuates, it does not guarantee a stable worth. http://www.macrotrends.net... The above link directs you towards the price of gold in 100 years, the value of gold does not remain consistent. "Reason #4; Prosperity:" Gold supply does not guarantee prosperity. "The gold standard caused many financial panics, bank failures, and prolonged the Great Depression. Between 1879 and 1933 the United States had financial panics in 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933." "Reason #5; A gold standard protects us from abuses by the federal government:" I do agree the federal government can abuse it's powers at times, but it really depends on your interpretation. The constitution introduced the Necessary and Proper Clause for a reason. If we followed strict interpretation the United States wouldn't be the great country it is today. "Reason #6; Fiat paper results in systematic inflation and bubbles:" I stand by my argument in round 2, the gold and silver standard does not guarantee stability. "Under a gold standard the supply of money would be dependent on how much gold is produced. Inflation would occur when large gold discoveries were made and deflation would occur during periods of gold scarcity." "For example, in 1848, when large gold finds were made in California, the United States suffered a monetary shock as large quantities of gold created inflation. This rise in US prices caused a trade deficit as US exports became over priced in the international marketplace." "Reason #7; Gold is money, government paper is fraud:" The US dollar is currently the most trusted currency, the gold standard will cause a depression/recession worldwide. "A gold backed currency could not expand fast enough to maintain a healthy rate of international trade and economic growth. At current mining rates, the total world gold supply increases about 1.5% to 2% per year [61], which is not enough to maintain a healthy rate of global economic growth. According to United Bank of Switzerland economist Paul Donovan, the nominal rate of growth in world trade should be around 6% to 6.5%. If an international gold standard were to be re-introduced this growth rate could not be maintained." "Reason #8; The One World Government:" N/A I don't know anything about this. "Reason #9; Competition- natural selection of companies:" This really depends on your interpretation of the economy, it has been shown that a completely capitalist country would lead to a few corporations controlling the nation's resource and production. Switching to the gold standard is not the way to create competition. This is getting out of topic but we do need laws to regulate the capacity of corporation, banks etc. To counter round 3: Gold/silver standard is not stable as shown in sources I've provided above, we will not come close to matching our 16~ trillion GDP as of Dec 31, 2015 even if we gathered all of the gold/silver our nation currently has in stock. Source: http://www.history.com... http://vanguardblog.com... http://krugman.blogs.nytimes.com... http://www.nytimes.com... http://www.econlib.org... http://www.investopedia.com... http://www.multpl.com...