Friday, 13 February 2009

WallStreetJournal - Gold Standard Needed - Ron Paul was right!

"Under a gold standard, if people think the paper money printed by government is losing value, they have the right to switch to gold. Fiat money -- i.e., currency with no intrinsic worth that government has decreed legal tender -- loses its value when government creates more than can be absorbed by the productive real economy."

read more | digg story

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