Tuesday, December 01, 2009

Towards a framework of 'hard money'

BookValue
Gold
Nathan Lewis
( http://www.landmarkonthenet.com/)

A call for a new gold standard

It may take many more years, even decades, but the era of soft money is slowly coming to a close, predicts Nathan Lewis in Gold: The once and future money. The world really has no choice but to move back toward a framework of hard money, because the never-ending and completely unnecessary difficulties of floating currencies can be solved in no other way, he adds.

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