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RB, on that theory, the gold standard is preferable to fiat currency because gold provides an "anchor" to something real. Except that that anchor made it very difficult to react to market shocks, which is why it was abandoned. (In effect we traded some degree of unavoidable inflation for a smoothing of the business cycle - not a bad trade, in my view).
The system isn't cracking. It'll take a few months but things will consolidate and return to normal. Unless we start rescuing every bad business in sight like the Japanese government did - that kept japan in recession for 15 years.
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