5 ms·
Strangely, we used to have a system based on "bimetalism," the idea that the currency is pegged to a certain quantity of gold and pegged to a certain quantity o
by fusiongyro 14y ago
Strangely, we used to have a system based on "bimetalism," the idea that the currency is pegged to a certain quantity of gold and pegged to a certain quantity of silver simultaneously. Now it sounds like adding epicycles.
- danielweber 14y agoAnd the gymnastics that you have to go through to stop people from performing arbitrage on the stated ratio of gold:silver versus the market rate is also hilarious.