This is not the gold standard of Ron Paul. The gold standard sets inflation to zero and lets the GDP fluctuate around it. As booms and busts happen we go through times of easy job markets and hard. What the guest is saying is that we can stabilize the job market and go through periods of inflation and deflation. This would be easier on the working man. If it could really work this way, I'm surprised.

1. Rising tide (economy) raises all boats: See ND
2. Restrict immigration: raises wages at the bottom even further
3. When the pie gets bigger there is more for handout programs
   1. Tie the money in entitlements to the size of the overall econ.

I was born into a large Catholic family. My mother was a saint who was full of peace and joy. I was more full of myself. When I was 30 I decided to also look into the faith to see why the church taught what it did.

I found that the Catholic take on things was very rational and well thought out. It constantly tickled my mind, like a math proof. Much to my surprise, I fell in love with the intellectual edifice of Catholicism.  Like a good theory the faith is predictive: such as human relationship troubles and triumphs. It has stood basically unchanged for 2000 years in spite of its being peopled by sinful men. Which is a must if God Himself handed it to us. I have become as convinced of faith as I am of thermo-dynamics. They are very good theories that fit the evidence well. So I accept them as true.

 If only I could shake my pride, sloth, lust and gluttony… “ For the good that I want, I do not do, but I practice the very evil that I do not want.” Rom 7:19

How about "Cerberus" the three headed houd of hell.

The name should be "Two Smart Guys". 

And when one says something stupid another can simply say, "hence the name of the podcast".