Random Misesian Blipverts from an English Rothbardian Heretic
I see the Russians are rooting for a world reserve currency backed by gold.Does that make Austrians Russian or Russians Austrians?Very interesting were it to materialise however I suspect whoeveer we have on office then would not be able to resist their Henry VIII moment and convert all fiat savings at a rate of £100,000 per new sterling note backed by 1oz of gold
Do you have a link?Last thing I read talked about 'paper gold', i.e. a 'strong' world body which would resist the temptation to print too much of the new world currency.Though a gold rouble or even a gold yuan makes a lot of sense, if you're in either Russia or China and you want to prevent yourself being ringed by American forces.
Link to an Ambrose-Pritchard Evans article discussing this:http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html
Interesting.Thanks Anonymous and not an economist! :-)
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