(Joseph Solis-Mullen, Money Metals News Service) Few things are more head-shakingly trying to the sound money economist than listening to the endless academic and policy debates about trade.
Lost amidst the back and forth over surpluses and deficits, the “appropriate” level of subsidies or tariffs, is the fact that were a sound, i.e., a reliable and trusted monetary standard adopted, all would be well – surpluses and deficits would be naturally moderated by the impartial hand of the market, to the advantage of all and the disadvantage of none.
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