War of the Nerds
Jan 26th, 2007 | By Whiskey Contributor | Category: Currencies, Macro Economics
Financial markets owe much to illusion. Absolute values don't exist. Prices are relative and changing. We create our own references. Gold-topaper currency conversion served that purpose. Yet, the US snookered the world into broad acceptance of the dollar standard after severing its relationship to a tangible object. Until 1971, a ...read more
