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Hypothetical question : If the US Treasury/ Federal Reserve were to make an announcement saying that the US will never be returning to the gold standard (and fiat currency were permanent), and the Fed would no longer hold gold in its vaults, what would be the impact? What would be the attractiveness...
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From yesterday's WSJ. ---------------------------------------------------------------- By ALAN S. BLINDER Ignorance is not bliss, especially when your economy is faltering and sound policies are badly needed. For months, we have witnessed the spectacle of people arguing that Keynes was wrong. Somehow...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...