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by pedrocr
4896 days ago
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You're confounding "gold as a way to implement currency" with "gold as a way to lock monetary policy". And that's so common I address it in the original comment: >Gold's proponents usually mention that a gold standard would set a fixed money supply that can't be altered by a central banker. Yet if that's what you want you could just change the law to impose that rule on the central bank, just as you'd need to change the law to move to a gold standard. |
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