3 ms·
TIPS and JGBIs are nothing but derivatives of un-sound money (fiat currency controlled by a small group of people, enforced by coercion), not examples of sound
by sbenitoj 9y ago
TIPS and JGBIs are nothing but derivatives of un-sound money (fiat currency controlled by a small group of people, enforced by coercion), not examples of sound money people can choose as an alternative to fiat currency.
The gold standard you’re talking about was far from a market gold standard, banks and governments colluded so banks could print more paper money than there was gold in storage.
What specifically do you think “didn’t work out very well”?