EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
- 2,153
Its really no better than the paper standard because both depend 100% on government administration. The issue is not what standard we use but rather what knowledge we use in administering the standard.
Its actually really simple:
1) make inflation illegal
2) make bubbles illegal
3) minimize runs
This would eliminate virtually all economic volatility
Its actually really simple:
1) make inflation illegal
2) make bubbles illegal
3) minimize runs
This would eliminate virtually all economic volatility