do you buy that, john tamny? >> wouldn't it be great if somebody knew second by second how many dollars the economy needs and could fine tune economic growth? as we've seen through history, central planning does not work. money's sole purpose is a medium of exchange. any time you move away from a dollar price rule, you rob money of its purpose and in doing that you reduce the amount of investment necessary to move the economy forward. i do not like the idea of targeting something like economic growth. it's very dangerous. >> jimmy? >> i'd rather target that than have my centrally planned government know exactly is that dollar gold ratio and target a yet owe metal in the ground. i'll take nominal gdp, it was a collapse of nominal gdp and money supply that got us to the great depression. i'd like to avoid that in the future. >>y have two rules on the table. one is a dollar price rule backed by gold, i presume. i'm going to call that the 19th century approach. as i said, i was there in the 19th century and it did wo