The gold standard has advocates, but the problem is, there are competing versions. The government-enforced gold standard is the one that gets all the space in the history textbooks. This is because it is the only version governments allow. The Private Money Guy (PMG) continues to cross-examine the State Money GUY (SMG), who advocates a government-enforced gold standard. PMG: What are the main features of a government-enforced gold standard? SMG: The government fixes the price of gold by selling gold at a specified price or buying gold at this price. PMG: Where does it get the money to buy gold? … Continue reading Science Is as Science Does