Professors Anil Kashyap and Richard Thaler share their thoughts on the possibility of returning to the gold standard:http://ms.spr.ly/6011Tzlu5
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I'm glad they quoted
@lawrencehwhite1, although only after saying almost no economist takes the idea seriously. Cryptocurrencies present a more likely competitive pressure than the gold standard at this time, but central-bank economists predictably defend the status quo.
A standard that (along with silver) existed for thousands of years, until 1971, is considered a "fringe fantasy" only by ivory tower whack-jobs and their media parrots.
