Now that ain't workin'--that's the way you do it!
What the heck is fiat currency? Why are we on it? Can the US print money to pay its debts? Why do people want to return to the Gold Standard? Find out all of this and more as we kick off a series on economics that will include everything from inflation to interest rates to Bitcoin!
US M1 money supply: https://fred.stlouisfed.org/series/M1
US M2 money supply: https://fred.stlouisfed.org/series/M2
Ron Paul on the Gold Standard: https://www.ronpaul.com/2016-05-18/return-of-the-gold-standard-why-now/ and https://www.ronpaul.com/fiat-money-inflation-federal-reserve-2/
Cruz/Trump support gold: http://time.com/money/4100480/ted-cruz-gold-standard-federal-reserve/ and https://www.usnews.com/opinion/blogs/charles-wheelan/articles/2016-04-18/trump-and-cruzs-call-for-gold-standard-is-impractical-and-dangerous and https://www.npr.org/2016/06/16/482279689/trump-favors-returning-to-the-gold-standard-few-economists-agree
Pro-con for the gold standard: https://gold-standard.procon.org/
Federal reserve interest rate over time: https://tradingeconomics.com/united-states/interest-rate
- Gov’t debt over time: https://tradingeconomics.com/united-states/government-debt-to-gdp