RE: If paper money was banned & silver & gold came back, what would happen?
February 27, 2015 at 1:37 am
RE: If paper money was banned & silver & gold came back, what would happen?
Deficit spending would become difficult. We couldn't stimulate the economy, so recession could become permanent. (Keynes proved that an economy can stabilize at any point. There is no reason to believe that we'll get back to full production just by waiting.)
Deficit spending would become difficult. We couldn't stimulate the economy, so recession could become permanent. (Keynes proved that an economy can stabilize at any point. There is no reason to believe that we'll get back to full production just by waiting.)
