RT @lawrencehwhite1: @DrorGoldberg @AaronSepulvedaC @flandreaumarc Good question. Eliminating any monetary role for the central bank and Tr…
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@DrorGoldberg @AaronSepulvedaC @flandreaumarc Good question. Eliminating any monetary role for the central bank and Treasury--a single point of failure--by reprivatizing the payment system would make a gold standard more credible. https://t.co/4SVvv7SeOW
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@mileskimball @t0nyyates @RussOxley A central bank can renege on its fixed-rate commitment / impunity. A commercial bank, Scottish banks redeeming in BPS included, fails if it reneges. https://t.co/oPaiZwQC0v
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@david_glasner @sam_a_bell Depends. The most secure gold standard is one without central banks in the picture at all. Then convertibility is a matter of contract, not policy. Besides my Cato piece see on this https://t.co/oPaiZwQC0v