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Msg  423807 of 428774  at  5/16/2019 7:12:04 AM  by

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 In response to msg 423805 by  Spekulatius
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Re: Trump's next Fed nominee

Good standard in whatever form would be a disaster. Why does the price of a single metal matter more than a basket of goods that people actually buy?
 
 
Money is supposed to fulfill two functions:  1) Store of value, and 2) medium of exchange.  Gold fulfills both.  Fiat currency, the Song Dynasty's revenge, only fulfills the latter. 
 
 


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Replies
Msg # Subject Author Recs Date Posted
423809 Re: Trump's next Fed nominee flipper58 0 5/16/2019 7:26:06 AM
423826 Re: Trump's next Fed nominee Spekulatius 0 5/16/2019 10:08:07 AM


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