There’s a reason why economies have based their currencies on something tangible since at least the Roman Empire. As John Allison explains, if we don’t do the same, high government debt and the threat of stagflation will never go away.
John A. Allison IV is the former CEO of and acting Chairman of BB&T, one of the largest banks in America. Allison was recently named one of the best CEOs of 2008 by MorningStar as his banking principles are largely seen as the reason behind his bank's relative success during the financial crisis. A graduate of the University of North Carolina with an MBA from the Fuqua School of Business at Duke University, he has a wife and three children.