Clearly the gold standard was superior whereas we now have a fiat standard that has mired the world in debt and big government. A central-bank digital currency with programmable debt-based money and omnipresent surveillance is the dystopian nightmare of which many dream. But this would pile calamity on top of disaster. What we really need is the gold standard back. But how could it happen? There has never been a viable transition plan. Rather, I’ve seen many such plans but they all have their limits. A clean redefinition of the dollar as a title for physical gold has huge transition problems and probable pricing ... (full story)