A 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)

posted 5 months ago

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6 points

5 months ago

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.

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5 points

5 months ago

gold standard is notoriously unreliable and a terrible economic choice.

Doubly so now that so much money is printed

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Economics

A sub for discussing Marxist economics and how the bourgeois economists did us dirty.