☆ Yσɠƚԋσʂ ☆ to EconomicsEnglish · edit-23 months 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-23 months agomessage-square7fedilinkcross-posted to: news@hexbear.neteconomics@lemmy.ml
minus-squareComradeSaladlinkfedilinkarrow-up6·3 months 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-up5·3 months ago gold standard is notoriously unreliable and a terrible economic choice. Doubly so now that so much money is printed
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