The gold standard would impoverish the country. - Comment - Israel News | Haaretz Daily Newspaper
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    • Leeds
    • 03.01.13 | 16:19 (IST)

    Hunh? "American money is worth what the American government says it's worth." No, it's not. It's on a floating exchange rate. It's worth what everyone else but the US says its worth. BECAUSE WE ARE NOT ON THE GOLD STANDARD, thank god. Internally, it doesn't matter, because everyone uses the same currency to buy goods within the country.

    from the article: Britain to Israel: Reverse settlement expansion or Europe will consider further steps
    First published 19:26 04.12.12 | Last updated 17:26 04.12.12
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