BEAMS INVISIBLY WARPING OUR AMERICAN MINDS,LIKE A SPACE WEAPON, CODE NAMED, "PROJECT WOODPECKER" RUSSIA SOVIET SIONIST GAMES EXPOSED!
Sunday, January 22, 2017
Goldbugs sometimes profess to believe that the official inflation statistics are somehow rigged. But one of the pleasures of living in a free society is that you don't have to follow official statistics. Businesses could pay their workers in gold or gold-linked instruments. They could demand payment in the same. Workers could try to demand gold-denominated salaries. In practice, nobody does this. In part nobody does it because it would be a hassle. But people put up with lots of hassles for the sake of money — that's the whole premise of working for a living. If it were actually the case that the Federal Reserve was systematically debasing the dollar in a way that could be easily avoided by pegging its value to gold, you would see people attempting to exploit this in their economic interactions. The fact that nobody is doing this is sending us a powerful message about the suitability of the Fiat Dollar as a currency. 5) Gold recessions could last for years A gold standard wouldn't stabilize exchange rates One property of the classical gold standard that people are sometimes nostalgic for is that it prevented exchange rate fluctuations. But that's not because the United States dollar was backed by gold, it's becauseall major currencies had their value pegged to gold. It's the common pegging that's doing the work there, not the gold. The argument that it would be better to ditch floating exchange rates and return to a system of fixed exchange rates would be interesting to make. But it has nothing to do with gold, and would constitute a massive regulatory intervention — not a step toward freer markets. 3) There's no inflation problem to cure 113494976 I whipped inflation with fiat money (Universal images)
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