Wednesday, April 4, 2012

Gold vs. Fiat

[I just realized this is a re-post of the same article, but it is important, so in case you missed the original, I'll keep this one, too]

Understanding that we are not on the gold standard, and what fiat currency means is essential to understanding public discourse with respect to our Federal budget. Suffice to say virtually all the discussion is based on inapplicable gold standard logic.

No comments:

Post a Comment