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Wiemarize a country sufficiently and it will discard the gold standard. One way or another. The details will depend on the idiosyncrasies of the country in question, but discarding the gold standard is a constant.

This is the second most consistent historical experience in economics (the first one being that no, this time is not different).

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jul 23rd, 2012 at 03:23:25 AM EST
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