Would Returning to the Gold Standard Resolve Our Most Pressing Monetary Problems?

We all know the problem with fiat currency: the temptation to print more currency is irresistible, but ultimately destructive.This makes it difficult to discuss with anything resembling objectivity. But given the centrality of money in human affairs, let's press on and ask: would returning to the Gold Standard markets, isthat doomed us to the inflationary Hell of fiat currency, i.e. currency unbacked by anything tangible such as gold or silver.

Many observers seem to forget the US was engaged in an existential geopolitical struggle with the USSR in the 1950s, 1960s and beyond. 2. This need to serve international trade / geopolitical goals is fundamentally in conflict with the goals of the domestic economy: the currency cannot serve two masters equally well., as the geopolitically necessary trade deficits were rising to the point that America's gold holdings would have diminished to zero were the rising trade deficits settled in gold.

and the entirety of the nation's economic-political-social stability and productivity which guarantee repayment of the bond at maturity. As David Graeber explained in his book Debt: The First 5,000 Years, credit has been an essential element of commerce from the earliest days of commerce, for very compelling reasons. How do we graft credit onto"money" when credit is itself a form of"money"?, which arose without restraint in ancient economies that used precious metals for money.

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