Quote:
Originally Posted by Tinordi
Exactly, why should the value of money be linked to the physical weight of gold mined from the ground? For what reason.
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I think the intent of the gold standard was to prevent (or minimize) inflation.
I don't really support a renewed gold standard. Gold prices can be manipulated by the big players. Before you know it nations would be at war over gold mining sites...
At the end of the day, a fiat currency
could work if monetary policy was controlled and monitored by representative government, rather than having all the Federal Reserve Wall Street cronies in control of it with no transparency.