"Tomas, we've been off the gold standard for more than 30 years. The value of the dollar is based on the collective health of our economy. Short term fluctuations can be influenced by speculation and by incomplete information but eventually it all comes out in the economic wash called equilibrium. As long as we don't encumber industries with too much arbitrary interference and regulation, the economy and therefore the dollar will do just fine. No apocalypse on the horizon. But hey what do I know, my degree is in Economics." — Henry Gómez, "The Conductor's Report Card," Babalú, December 22, 2007
No, Henry. The United States went off the gold standard in 1933.
But if The Wall Street Journal can identify Val as an "architect," then Henry can certainly identify himself as an "economist." Oh, brother.