3 ms·
What's ironic? The collapse of the Bretton-Woods system and the gold standard are well documented and it has been widely recognized as a good thing by everyone
by agentultra 4y ago
What's ironic? The collapse of the Bretton-Woods system and the gold standard are well documented and it has been widely recognized as a good thing by everyone except for gold-bug cryptocurrency enthusiasts. For reasons they continue to assert that a currency must be backed by a "hard asset", ie: gold.
All I think it demonstrates is how little these advocates seem to understand economics and banking.