Challenging the PremissesNewer Posts at EconCrit
No gold standard has ever backed its note issue 100%; and none has even dreamed of backing its nominal government debt 100%. If a government had that much gold, there would be no point to borrowing.
On the same topic, see mine quoting David Glasner here.
The spam filter's been acting up again lately. I'm aware, and checking it often.Oh, what fun they must have with this at Blogger!
On the same topic, see mine quoting David Glasner here.
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