Archive for 2010-05-13

The Gold Standard

Posted on 2010-05-13, 17:18, by aj, under poli-mics.

I’ve been trying for a while now to figure out why I dislike the gold standard — that is, pegging currency against the price of gold. I think currencies are fundamentally arbitrary — they’re a convention that needs to be (roughly) agreed on, but whether that’s $1 for a ham sandwich or $1000 for a […]

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