Question
1. Wheredoes the value of the paper moneycome from? 2. What is the Gold Standard? Why did the U.S. and the world abandon Gold Standard?
1. Wheredoes the value of the paper moneycome from?
2. What is the Gold Standard? Why did the U.S. and the world abandon Gold Standard?
3. Do you think we should go back to Gold Standard? Why or why not?
Sources below:
https://www.npr.org/transcripts/1090312774
Locked-Down Shanghai Residents Barter for What Money Can't Buy (Bloomberg)
https://www.bloomberg.com/news/articles/2022-04-14/locked-down-shanghai-residents-barter-for-what-money-can-t-buy
What if the DOLLAR Was Still Pegged to GOLD | Gold Standard (YouTube)
https://www.youtube.com/watch?v=eqSkFHO1xIs
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
