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News Link • Currencies

A Gold-Price Rule as a Middle-Ground Path to a Genuine Gold Standard

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central banking and gold-based money are incompatible; in logic and history alike they don’t go together, at least not for long. “If you want the gold standard in durable form,” he writes, “you can’t have central banking,” and “if you want central banking, you should not mix it with the gold standard.” 

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