whatever. and a fiat switch to a gold standard will make everything OK, right?
lol!
don’t get any on you.
“and a fiat switch to a gold standard will make everything OK, right? “
It handcuffs deficit spending as Kennedy and LBJ learned when they were confronted with Triffin’s dilemma. Nixon chose to deal with it by breaking the last link to the Bretton Woods system which led to the erosion of the dollar.
Gold is fiat?
A gold standard prevents government from printing out vast sums of money thus devaluing the dollar.