This makes me question the call by many for the return of the gold standard given this information.
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This makes me question the call by many for the return of the gold standard given this information.
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Yeah, that's a silly idea
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Ironic that they make that call on a medium that came from fiat. People do not realize that if we still were on the gold standard, we would be still living life the 1950s.
Innovation came as a result of expanding the money supply globally. An elastic money supply is vital for a variety of reasons, not just fending off recession.
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