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:
Image credit: Shutterstock.com
The way that you think about stress can actually transform the effect that it has on you – and others.
- Stress is contagious, and the higher up in an organization you are the more your stress will be noticed and felt by others.
- Kelly McGonigal teaches "Reset your mindset to reduce stress" for Big Think Edge.
- Subscribe to Big Think Edge before we launch on March 30 to get 20% off monthly and annual memberships.
Rediscovering the principles of self-actualisation might be just the tonic that the modern world is crying out for.
Abraham Maslow was the 20th-century American psychologist best-known for explaining motivation through his hierarchy of needs, which he represented in a pyramid. At the base, our physiological needs include food, water, warmth and rest.
"I was so moved when I saw the cells stir," said 90-year-old study co-author Akira Iritani. "I'd been hoping for this for 20 years."
- The team managed to stimulate nucleus-like structures to perform some biological processes, but not cell division.
- Unless better technology and DNA samples emerge in the future, it's unlikely that scientists will be able to clone a woolly mammoth.
- Still, studying the DNA of woolly mammoths provides valuable insights into the genetic adaptations that allowed them to survive in unique environments.
Does believing in true love make people act like jerks?
- Ghosting, or cutting off all contact suddenly with a romantic partner, is not nice.
- Growth-oriented people (who think relationships are made, not born) do not appreciate it.
- Destiny-oriented people (who believe in soulmates) are more likely to be okay with ghosting.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.