Tag Archives: gold standard

Crypto Currency as the New Gold Standard?

In 2017, the corrupt president of South Korea, Park Geun-hye, was lawfully removed by a national uprising of orderly, peaceful protesters. Ordinary housewives, business people and manual laborers gathered in public squares across the nation, held candlelight vigils and cleaned up their litter when they were done. In 1998, when South Korea suffered a liquidity […]

Problems With the Gold Standard

Explanation of the gold standard’s problems. I would like to thank Schmitt Van Dean for contributing to this article. When discussing the virtues of a gold standard, advocates almost always lead with a variation on this question. Why don’t governments operate with collateral – ie a gold or silver backing – in their money printing […]