> "Property rights are lovely but we're suspending them in this emergency, here are some IOU for after we raise taxes to cover this" Gold standard + IOU is not

> "Property rights are lovely but we're suspending them in this emergency, here are some IOU for after we raise taxes to cover this" Gold standard + IOU is not the gold standard. I suppose they could be separate currency denominations, but then it is far from guaranteed the IOUs can be converted to goldbacks. > Most governments struggle to deliver a balanced budget when they try. Actually, suggesting that many rich governments should balance their budgets is financial incompetency. > All the people who know how to make good financial decisions are in private industry making them. OK....