“I don’t think this has any practical implications,” says David Rapach,
associate professor of economics at St. Louis University. “This could be
a combination of nostalgia toward both states’ rights and the gold
standard, but we moved away from those types of models for good
reasons.”
associate professor of economics at St. Louis University. “This could be
a combination of nostalgia toward both states’ rights and the gold
standard, but we moved away from those types of models for good
reasons.”
Perhaps the good professor has never heard of Gresham’s Law. This is a typical response from a main stream economist who is so out of touch with what real money is.
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