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How My Gold Standard Thinking Has Changed The Last Two Years

- Nathan Lewis - New World Economics

"Others would be able to understand how it works, and observe if there was an operational problem, or if the currency managers are being naughty." Who would the others be, another crony committee that answers to the politicians? And if those who oversee the currency managers are in on any operation, with the politicians of course, wherein naughty activities take place what happens? Any system wherein you add layers of complexity you end up with an endless number of policies and procedures with an infinite number of loop holes and possibilities of abuse.

KISS is still the best way to handle any situation or operation including a countries currency.

Commented 3845 days ago

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Beginning of the headline :A friend noted that I seemed to have changed my views a bit about how to implement a gold standard system. He’s right. This was the result of writing my new book, Gold: the Monetary Polaris, which outlines the many ways you can design and implement a gold standard system. Each one has some advantages and disadvantages. I ended up thinking about it a lot. Two years ago, I was something of a traditionalist, usually suggesting that a gold standard system be... Read More

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