Mq, we've devoted more thread time to this than it deserves, and also more of my personal time than I care to devote. I am back to work on historical research - right now dual tracks. Track 1, the gold standard, the gold exchange standard, how they are different, and how both differ from simply using gold for money. (Quite a bit, actually.) Track 2, bimetallism, and how the switch from bimetallism to monometallism (gold, naturally) was involved in the Great Depression of the 1890's (far worse than the one in the 1930's.) Hanging fire are consumer credit, mortgages, hot money, and foreign loans, and there are more topics simply waiting their turn.
School starts for me tomorrow (tonight!), and for the kids next Tuesday.
So I really don't have any more time to give you on this. If you wanted to impress me, yesterday was the day. |
