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Biotech / Medical : 2012 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (291)	6/26/2012 12:26:26 PM
From: Chris08	Read Replies (1) \| Respond to of 513

Read the Wikipedia article. And also the Dawes plan article. Reparations were to be paid in German GOLD marks. The old gold standard acted much like the Euro does today in that it kept nations from being able to print as much money as they needed to service their debts. That is why under pressure of the 1931 collapse many went OFF the gold standard. And why Nixon severed the US dollar's link to gold. And why Friedman (an economist you might like more than Krugman) always maintained that currencies should simply float and be bought and sold at market rates.