If California had no minimum wage, there would be more demands/jobs but low wage workers would be poorer. The good measurement should be...
Can you explain why QE won't cause inflation? Please explain it in simple terms so that an average person can understand.
I don't mind your harshness. I think you didn't read all my posts. My standing on this issue is kind of in the middle. Under current circumstance,...
QE is actually abusing money printing power to screw up currency holders. But they won't accept the abuse forever, they can choose gold over USD...
You said "Unlike fiat" first, then "The exact same". Can you explain?
Gold standard is the best in theory. As long as USD can maintain its reserve status, it doesn't have to go to gold standard if it is too expensive.
Under gold standard, the gold content of a currency is determined by the government and can be adjusted at any time. The currency can still be...
---------------Pre-Covid Now Gold Price $1500 $2400 National Debt 23T 34T The debt has actually decreased since Covid if...
Too late. We can go to gold standard after the national debt is inflated away. Otherwise paying the debt in gold would deplete US gold reserve.
I also have these questions in my mind. If things don't change, the young generation will stay in poverty.
No. I think real wealth should be created though work, not from government. If people get their wealth through financial stimulus or excessive tax...
Given the astonishing growth rate of our national debt, I don't see any solution other than high inflation. Young people need big wage increase to...
IMHO the answer is no, as long as it's not too bad(single digit). US government needs inflation to inflate away the huge national debt. The young...
If you want to withdraw at any time, Ally Bank's money market offers 4%.
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