Mises Daily
Author:
Philipp Bagus
Online Publish Date:
its own poorly constructed currency, was indirectly determining the Swiss monetary policy as well. MI: Why do you describe the euro as a sinking ship? PB: The euro is again. MI: Will new currencies emerge to replace the old ones? PB: First of all, competition between currencies must be maintained, because people then can use the Is a gold standard a solution? PB: I’m not fixated on the gold standard. In the competition between currencies, gold and other precious metals have historically