Since U.S. Will Not, China Should Issue Gold Coins

I’m kind of a big picture guy. I would like to see the government of China issue a parallel gold-based currency, in the form of banknotes and coins, for widespread use within China and around the world — or, at least, to sanction some private institutions to do so, as Hong Kong does today. Full banking operations, using the new currency, would be immediately available.

Then we wouldn’t have to talk about it. You could use it if you wanted to, just as you might use the dollar or euro today. Or, don’t use it.

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