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Quentin Drew
Member since May 2012
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Sound Navigation Requires Sound Measurement
- Antal E. Fekete -
Gold University
What intrigues me about the discussion about gold is how little is said about the other great benefit (or disadvantage, depending on which side of the fence you are on) of a gold standard, namely the fact that having a strictly adhered to gold standard makes it far more difficult for governments to wage wars. When you look at the beginnings of central banks (Bank of England, for example) they can be seen to have war as one of the prime reasons for their coming into being. It would be very interesting to have articles on this site exploring that issue in more depth.
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Measurement in economics is carried out in terms of currency units. But as experience shows, the value of any currency now fluctuates greatly. What does that say of 'economics' as science? What does it say about our choice of unit of value?...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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