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  • Busting myths on the Gold Standard - A complete guide

    The purpose of this post is to show that it is technically possible to implement a gold standard today. Many criticisms against the gold standard claim that it is not possible to shift to a gold standard. These criticisms range from – the money supply will fall, there will be chaos if many agencies...
    Posted to Economics Questions (Forum) by Ravi S on Mon, Jul 9 2012
  • Currency Wars - How can currecy depreciation boost exports?

    I'm currently reading Currency Wars by James Rickards. In it, he says that one way for a nation to boost its exports is to depreciate its currency by printing money. For example, let's say that the price of a German car is 20,000 marks or 20,000 US dollars. And let's say the exchange rate...
    Posted to Economics Questions (Forum) by Jesse Cohen on Mon, May 7 2012
  • 5 Myths About The Fed

    The Washington Post - November 12 th , 2010 By printing money, the Fed will create runaway inflation. The Nobel Prize-winning economist Milton Friedman issued a famous dictum nearly 50 years ago: "Inflation is always and everywhere a monetary phenomenon." His belief has become widespread over...
    Posted to Current Events (Forum) by djussila on Sat, Nov 13 2010
  • The Deficit: Nine Myths We Can't Afford

    It seems to me the following myths are or the realities, and the realities are the myths: Myth #1: The government should balance its books like a private household. Reality: Our federal government is the issuer of the currency, which makes its budget fundamentally different than the average citizen's...
    Posted to Economics Questions (Forum) by ViennaSausage on Wed, May 5 2010
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