gold, page-49280

You like Albert Einstein?

This is what he said about the gold standard.....


“The gold standard has, in my opinion, the serious disadvantage that a shortage in the supply of gold automatically leads to a contraction of credit and also of the amount of currency in circulation, to which contraction prices and wages cannot adjust themselves sufficiently quickly.”

https://www.*.com.au/einstein-on-the-inherent-flaws-in-the-gold-standard-2011-1?r=US&IR=T