LFMI, the Luddite Fleeced Market Imps masquerading as the Lithuanian Free Market Institute, are back to flashing their school colors. To attract sharks? "No remora could possibly have foreseen the scraps generated last time!!"
Over at Mosler Economics, readerAhoi says "Lithuanian Free Market Institute propose Euro-exit plan based on gold standard monies,"
Their proposal is based on a very abstract goal. They prefer "sound money" regardless of what it implies for a sound economy in a highly volatile world.
Let's back up and start with "sound logic" and see if we can sort out this mess, before shackling strategy & policy with fixed tactics?
As a start, have the Lithuanian luddites consult their national logic and mathematical societies, and review "completeness" theories before trying to project nonsensical ideology onto a world chaotic enough as it is.
Flashing so much nonsense that some sharks are confused, or hiding in the mud, are strategies for sardines & flounders. Lithuania can do better than this.