Why is there not a single country in the world on a gold standard TODAY?
I realize governments prefer to print their own money. It gives them more control.
But if sound money is superior how is there not a single benevolent president or king or whoever who decided it would be best to 100% back their countries currency with gold after 1971?
Is it the fact that every other country would have to play along or what am I missing there?
There are 180 different currencies in the world you would think that at least one country would have attempted this.