4 ms·
Not totally disagreeing with the rest of your comment, but we haven't had a gold standard for awhile now, and that’s the problem. Lifting fiat off gold lets in
by dcow 5y ago
Not totally disagreeing with the rest of your comment, but we haven't had a gold standard for awhile now, and that’s the problem. Lifting fiat off gold lets institutions play games with fiat to increase their fiat with the appearance of being a good steward of fiat. This is what people don’t trust.