Econ 201: Everything You Need to Know about Gold
Gold is in fashion these days thanks to uncertainty in the global economy and worries that the United States and other countries will devalue their debts through inflation. Gold is valuable, and it almost always has been.
Ron Paul, the Congressman and presidential candidate, has even suggested that the United States return to the gold standard, which would require backing each dollar issued by the Treasury with a fixed amount of gold. That might stop the government from minting tons of cash, but what else would it do to America's economic future?
Economist Daniel Altman points out that it would leave our monetary policy vulnerable to random external events like the discovery of rich, new gold mines. It would tie our hands and deny us the flexibility we need to navigate the rapidly changing markets of the 21st century.
Daniel Altman on why the Gold Standard isn't such a good idea:
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A new study estimated the untapped potential of wind energy across Europe.
- A new report calculated how much electricity Europe could generate if it built onshore wind farms on all of its exploitable land.
- The results indicated that European onshore wind farms could supply the whole world with electricity from now until 2050.
- Wind farms come with a few complications, but the researchers noted that their study was meant to highlight the untapped potential of the renewable energy source in Europe.
French newspapers report that the trial hasn't lived up to expectations.
- The French government initially invested in a rural solar roadway in 2016.
- French newspapers report that the trial hasn't lived up to expectations.
- Solar panel "paved" roadways are proving to be inefficient and too expensive.
You want one. Now you may be able to survive one.
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- Cats live in a quarter of Western households.
- Allergies to them are common and can be dangerous.
- A new approach targets the primary trouble-causing allergen.