re: #124 laZardo

Peter Morici:

“The relative importance of the dollar will shrink [but] there’s not enough gold in the world to mint coins to support commerce,” he says. “A gold standard would require what we had in the late 19th century in the United States: chronic deflation and high unemployment that goes with it.” http://www.savvyinvestor.com/no-return-to-gold-standard-coming-but-dollar%E2%80%99s-importance-fading-peter-morici-says/