☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · edit-230 days agoA new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.thechinaacademy.orgexternal-linkmessage-square7fedilinkarrow-up127arrow-down10cross-posted to: news@hexbear.neteconomics@lemmy.ml
arrow-up127arrow-down1external-linkA new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.thechinaacademy.org☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · edit-230 days agomessage-square7fedilinkcross-posted to: news@hexbear.neteconomics@lemmy.ml
minus-squareᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193linkfedilinkarrow-up5·29 days ago redeemable and anchored to real goods So basically they want the gold standard back?
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up12·29 days agoMore of a basket of different commodities, but yeah a move a way from a fiat currency to one that’s actually backed by tangible material things.
minus-squareComradeSaladlinkfedilinkarrow-up6·29 days agoWhere have I heard this before… Also the gold standard is notoriously unreliable and a terrible economic choice. Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite.
minus-squareᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193linkfedilinkarrow-up5·29 days ago gold standard is notoriously unreliable and a terrible economic choice. Doubly so now that so much money is printed
So basically they want the gold standard back?
More of a basket of different commodities, but yeah a move a way from a fiat currency to one that’s actually backed by tangible material things.
Where have I heard this before…
Also the gold standard is notoriously unreliable and a terrible economic choice.
Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite.
Doubly so now that so much money is printed