3 ms·
This was all done already, it got replaced with our existing system, nobody with the power to go back to the gold standard will do so because it takes power awa
by dageshi 7y ago
This was all done already, it got replaced with our existing system, nobody with the power to go back to the gold standard will do so because it takes power away from themselves...
- dnprock 7y agoIt makes sense if you don't have the power to print USD. In this context, it makes sense for China. Gold backed systems have existed for thousands of years until 1970s. I wouldn't count it out after a few decades.