Gold standard legitimate says Fed's Hoenig

[Wonk]

Pretty shocking that he would say that in light of all the heat Bernanke and The Fed are taking right now:

http://abcnews.go.com/Business/wireStory?id=12547488

He's been a pretty consistent dissenter from the majority.  I'm sure he's had some choice words during the meetings.

[Lone Wolf]

It's cool to hear such an honest assessment.  Funny to think about how controversial it is for a Fed official to make this (obviously true) statement.  It's nothing more than plainly stated history.

Is it considered taboo to mention that there are monetary systems under which currencies don't lose something like 95% of their purchasing power in 80 years?