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Ultimately, those who favor the current Gold Standard banking model (and the MMT Gang does so) also favor the return of the Gold Standard itself or a close facsimile.
Why? Because what use is inexpensive fiat if the DEMAND for fiat is (unjustly) suppressed* anyway? Indeed, in that case, inexpensive fiat can serve as pouring gasoline on a fire and bring unjustified criticism on inexpensive fiat instead of where criticism rightly belongs - on our inherently corrupt Gold Standard banking model.
*eg: by allowing only private depository institutions to use fiat in account form.
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Rough road ahead as Biden/Harris bring unity to the world.
No fan of Ron Paul's economics here, Tom Hickey
Ultimately, those who favor the current Gold Standard banking model (and the MMT Gang does so) also favor the return of the Gold Standard itself or a close facsimile.
Why? Because what use is inexpensive fiat if the DEMAND for fiat is (unjustly) suppressed* anyway? Indeed, in that case, inexpensive fiat can serve as pouring gasoline on a fire and bring unjustified criticism on inexpensive fiat instead of where criticism rightly belongs - on our inherently corrupt Gold Standard banking model.
*eg: by allowing only private depository institutions to use fiat in account form.
William Burns at CIA would seem to temper this view.
“At the end of the day, the Bush Republicans – like Rep. Liz Cheney – will join hands with the Biden Democrats “
https://lynnwoodtimes.com/2021/01/18/liz-cheney-censured-in-wyoming-for-her-vote-to-impeach-president-trump/
She’s finished...
William Burns at CIA would seem to temper this view.
Let's hope so. Otherwise, it's the crazy.
Distemper is a form of crazy.
Unleash the crazy!
https://caitlinjohnstone.com/2021/01/19/viral-trumpsnewarmy-video-is-liberals-at-their-craziest-and-scariest/
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