Quote from: Bitcoin Enhanced on Today at 03:37:54 AM

Can 9 words end the financial crisis?

https://www.zerohedge.com/news/2020-04-20/can-one-sentence-end-financial-crisis

Right, they will print $10 trillion one day, and then return to the gold standard the next. Roll Eyes

Trump has talked up the gold standard in the past to please conservatives but the notion is ridiculous at this point in time. It would only be done after a full US government default and currency reboot and even then, an outright gold standard is unlikely. I think a hybrid system of central bank reserve backing and free floating exchange is more likely. I don't think we'll see the Keynesians killed off that quickly.