Friday, August 19, 2011

And this does sound like FOA (by Jeff)

"And this does sound like FOA:
http://ricardo.ecn.wfu.edu/~cottrell/ope/archive/9603/0108.html
Duncan:
The reference to "standard of price" suggests that we are now thinking of
a gold standard world. If the commitment of the government to
convertibility is credible, then speculators will tend to support the
mint price in relation to currency
."  ~Jeff


[Mrt: and for this one full credit to Jeff :o)]

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