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I can understand this fear. Gold standard discussions are usually extremely dull and turn religious in no time. But the article describes the political context
by febeling 15y ago
I can understand this fear. Gold standard discussions are usually extremely dull and turn religious in no time.
But the article describes the political context, people and decision-making of this historic event. Much was guided by thought of TV audience response and the next election result. Those concerns are not necessarily the best ones to build a financial system on. Still this is what shaped the decision.
- davidw 15y agoMaybe someone should go build an Econ News, so we can send people there to bludgeon each other about the same topics over and over again, and we can stick to startups, hacking, and random, interesting, non-political articles.