It is an honor for me to receive a response from Mr. Jesus Huerta de Soto regarding my opinion article concerning his vision about gold as the only world currency in the future. I am posting his response in full below: Dear Ellie, Just two points on your “comments” on my proposal: a) Printing the money necessary to consolidate current demand deposits and equivalents is not inflationary, as the new bank notes would be entirely “sterilized” as 100 per cent collateral to existing demand deposits. b) In a sense you are right that my plan (as any other “practical” to...