Home › Forums › The Fiat Standard › Why is there not a single country in the world on a gold standard TODAY? › Reply To: Why is there not a single country in the world on a gold standard TODAY?
PatMemberMarch 30, 2023 at 18:46
That’s a really good question. I suspect the power to print is too alluring for most countries. Another thing that could be happening is the promise of free money. There may be a minority of benevolent leaders that would be willing to do this, but when the run up against someone promising something for nothing, the other party gets elected. Thus, rendering the benevolent leader worthless.