Commodities Technical Analysis | Gold standard is becoming a …
Friedman would set the money supply at 3 to 5% where he believed price stability would be ensured. Notice that under both systems the goals are price stability, limited credit expansion, and optimum economic growth. … For example we have had margin requirements on stocks since the crash of ’29 and they have worked pretty well. Under the gold standard the 4 to 1 leverage rule of banks did not prevent runs, but the downside risk was much less than it would have been at …
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