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re: Facts Most Americans Are Too Fearful to Face
Posted on 8/21/15 at 12:14 am to CarolinaCock
Posted on 8/21/15 at 12:14 am to CarolinaCock
quote:
CarolinaCock
The fatal flaw of the gold standard is that, under such a standard, the only time new global wealth can be created is when more gold is dug out of the ground.
A nation's wealth under the gold standard is entirely dependent on how much gold it holds in reserve. Thus, when a nation cannot obtain new wealth through trade, it will obtain it through war.
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