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by davorb 4542 days ago
> In mathematics, when you write a paper, you are always standing firmly on the shoulders of generations of common knowledge that you don't need to prove yourself - you can safely assume your readers agree with you on the matter. In the same way, I will assume that we agree on the following statement: Implementing gold standard in the modern economy will have no beneficial effect for the mankind, but may have very dire consequences.

You might as well postulate the existence of God.

2 comments

Well, if you don't agree with the premise, you can save yourself the trouble of reading the rest of the article. If more people stated their possibly controversial premises right from the start, we could all save ourselves a lot of time that would otherwise be wasted on arguments.

So, at least there's that.

There is far from a consensus on the dire consequences of implementing a gold standard. Just as one example: http://mises.org/daily/5379/