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My personal favorite is how the current debt based economy allow almost infinite amounts of government debt to be created. In fact, one of the reasons why we go
by yuhong 8y ago
My personal favorite is how the current debt based economy allow almost infinite amounts of government debt to be created. In fact, one of the reasons why we got off the gold standard decades ago is military spending.
- pm90 8y agoNo its not. And I fail to understand why this keeps coming up. The gold standard tied fiscal and monetary policy to an arbitrary commodity: gold. Whereas value exists beyond the commodity itself. The gold standard had all sorts of unintended consequences and is not fit for a modern economy. What is perhaps more worrying is common currency. The Euro has lead to a lot more trouble than it was worth, Frankly speaking.