Re: Explain to an idiot the benefits of going back to the Gold standar
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The USA can't unilaterally "return" to the Gold Standard
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Why not?
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and Europe doesn't have any incentive nor need to do so.
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Define "europe"
Obviously, the current governments in the US and Europe have no incentive to return to gold. The US Government can't return to gold AND keep it's current monetary policies. But that's not what the question was asking.
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