/biz/ - Business & Finance

>>18140013
We are going back to a gold standard

https://youtu.be/1OlXpFOK40Y?t=242

Transcription:

>you mentioned the gold standard I think you're quite well known for your stance on the gold standard what returning to a gold standard helped the US economy what can you talk a little bit your thoughts on that

>well I would say I don't see it so much as returning but more about back to the future I think that what a gold standard stands for is is monetary discipline for its its own sake that is if money is supposed to be a unit of account a reliable measure and a dependable store of value it really shouldn't be subject to who's the chairman of the Federal Reserve and I think that that money needs to be stable and provide the foundation for productive economic growth and when money is just a variable that financial markets toss around or it's part of a derivatives formula or it's it's part of someone speculating on currencies it's not serving the private sector in the sense of providing that reliable unit of accounts you can make plans and under a gold standard you did have that stability and I think that's what's missing and so I like the idea of a gold standard I mean it could be used in a very cryptocurrency way the point is do you have a unified money system so that when you talk about the international marketplace everyone is playing on a level monetary playing field and it's very important to have a rule-based approach and that's why I'm advocating we need to look at the virtues of a gold standard and and try to come up with something much closer to matching those and then I think we would have more solid economic growth okay we actually we pulled our readers earlier this year and whether they think under President Trump or future president we could go back to the gold standard

Nothing can stop what is coming!

>>18139885
Kek, 4D chess is not a fucking meme

https://youtu.be/1OlXpFOK40Y?t=242

Nothing can stop what is coming!