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by insert_coin
1836 days ago
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In a gold standard the price of gold would not be 'above its free market valuation' but it would be the market valuation, taking into account its rediscovered monetary role. In a gold standard the currency used would still be the dollar, just backed by gold, so the FED would be able to print it into the dust just the same. The money supply could still expand just as it does now to accommodate for growth, but the main difference is the rest of the world wouldn't be subsidizing the US any longer. |
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