"The argument is basically like this, compressed. It’s not that they short metals in an active attempt to protect bond prices. It’s much more basic than that, fundamental. Bonds are future dollars. If present dollars have no value, future dollars have no value. In order for present dollars to have value, they must be able to buy some amount of gold and silver. The dollar only has value because it can still be exchanged for gold in some amount. Once it can’t, it can’t buy anything at all. This is because of Mises’ Regression Theorem, that all present money must be indexed to money in the past, otherwise its value cannot be known and therefore cannot circulate as a money. In the beginning, money started from a state of barter, which is why gold and silver are monies, and the dollar was born out of them."
Adam haklı. Olayı bu açıdan görmemiştim hiç.
Farklı bir bakış açısı kattı bu makale de. Tamamını henüz okumadım ama şu paragraf direk özetini geçti meselenin.
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