[ml/nj]

The article goes on to spell out specific reasons the gold standard's a crock.

I didn't read the article. I don't need to.

It's obvious that the author thinks the politician standard is better than the gold standard. Now all our dollars depend upon the promise of some group of politicians somewhere not to print too many more dollars. If the politicians' country dies their dollars will be absolutely worthless. (One might say that they are already tending in that direction.)

Gold depends upon the promise of no one. Its value has survived all those countries now on the ash-heap of history.

ML/NJ

[expat_panama]

I didn't read the article. I don't need to.

We got lots in common.   I didn't read your post.