I am not convinced by it, here is one excerpt from my latest Bloomberg column: Ramaswamy has called for the US Federal Reserve to stabilize the dollar in relation to the price of commodities, rather than to the consumer price index. That formula is unlikely to bring monetary stability (or tame business cycles) in part because commodity […]

The post The Ramaswamy plan for a commodity-backed dollar appeared first on Marginal REVOLUTION.

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