Goldmoney — Currencies Threatened By A Credit Crisis

Summary:
In this article, I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today's unbacked currencies.There is the coincidence of trade protectionism with the top of the credit cycle, and there are the inflationary events that preceded it. The principal difference today is in modern macroeconomic delusions, which hold that regulating inflation of money and credit is the solution to all ills. I conclude that economic salvation can only come from ditching today's macroeconomic theories and by returning to monetary stability through credible gold exchange standards... Ahem, the world was on a gold standard in 1929. Been there, done that. Seeking AlphaCurrencies Threatened By A Credit Crisis Goldmoney

Topics:
Mike Norman considers the following as important: Gold Standard, MMT, MMT criticism, MMT critics

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