/biz/ - Business & Finance

>>56859986
no, the gold standard failed because it enforced a bipartite system that violates gresham's law.
you can either have a 100% gold dollar and an order that lasts forever, or you can have pure fiat and an order that lasts until you cannot project military force anymore, but you cannot have anything in-between for any length of time (without financial chaos).
goldbugs defending the US gold standard are unwanted everywhere. they're ignorant of how gold actually works.

it already happened, dumbass. their currencies are credit, not money. they issued a shitload more of it, now they'll have to make good to each other on what they owe. they think the expansion drives trade, which is settled "against itself" as each country produces what another consumes, but the difference in trade isn't made up with more IOUs. it's made up with gold.

>>51246446
relax, madfag. i been here.

>>49747956
among the myriads of goods in the market, money is the name for the good which serves best as a medium of exchange.
read a book, nigga

>>49692421
>>49692515
the gold standard was designed to fail, and chase gold out of currency, and replace it with dollars