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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Little Joe who wrote (99490)11/8/2008 5:28:17 PM
From: bart13  Read Replies (2) of 110194
 
True that it helps limit excess money creation, but as Hawkmoon has noted it also has problems of its own.

The historical fact that neither a gold standard nor a fiat standard has worked should direct our attention to other factors that are the real problems.

“We can’t solve problems by using the same kind of thinking we used when we created them.”
-- Albert Einstein
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