Elaborating on a few notes from last night:
1) I watched the Gold Cup final - some of it. Chichirito is a the real deal. He gave up a stat padding goal. He's a top Ten international player for me.
2) The Gold Standard - which has enjoyed a resurgence under Ron Paul - is a manifestation of one person's lack of faith in another. I could never figure out why anyone would want the gold standard back. It's like manifesting a belief that cavemen rode dinosaurs. Or maybe a return to monarchy.
But in reading The Lords of Finance I found that the reason the gold standard was so revered - even in the face of compelling arguments by monetarists like Keynes - was that the gold standard was an absolute. It could not be tinkered with by politicians, like the way the Germans blew up their currency in the early 1920s. A belief in the gold standard, in other words, is a belief that humans cannot manage their own affairs properly.
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