Under a gold standard, the physical metal is the limit, and the market is the master. Under a global paper system, the paper provides no limit whatsoever. And the politicians are the masters. FULL ARTICLE by Llewellyn H. Rockwell, Jr.
Source link: http://archive.mises.org/13499/the-new-push-for-a-global-currency/
The New Push for a Global Currency
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