Alex’s Reviews > Der totale Krieg > Status Update
Alex
is on page 35 of 128
The gold standard is bad because you cannot pay with the money that is not "in circulation". So Ludendorff had no understandinh of monetary economics.
To clarify: Under a genuine gold standard, gold is traded in every transaction, as every bill is backed by a certain amount of gold.
— Oct 18, 2019 06:59AM
To clarify: Under a genuine gold standard, gold is traded in every transaction, as every bill is backed by a certain amount of gold.
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Alex
is on page 80 of 128
Nothing anymore but pedantic technical information, much of which is wrong, misleading or outdated.
— Nov 17, 2019 03:37AM
