putting the j in jjosh » Blog Archive » crisis runs deep

putting the j in jjosh

putting the j in jjosh

crisis runs deep

September 24th, 2008

In the absence of faith, what stands behind a currency based on faith?

Interesting Op-Ed from the NYT about the financial implications of the fact that the dollar moved off the gold standard ages ago and has never looked back. MattD and I were talking about this just last night (over Frito pie) and using the rhetoric of barstool philosophers to maintain that, as Speed Levitch has said, "this is outrageousness and it cannot last."

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