Keyword Analysis & Research: rationalwiki gold standard

rationalwiki.org

https://rationalwiki.org/wiki/Gold_standard_(economics)

Desire to return to a gold standardSome people (such as perennial Presidential contender Ron Paul and adherents to the Austrian school) continue to preach in good faith that without a gold standard, money is "objectively worthless"; these people are sometimes known as "gold bugs… Advantages of fiat currencyThe advantage of a fiat currency is in theory to match the expansion of the money supply with the expansion of economic output rather than having the money supply expand arbitrarily whenever a Yukon Cornelius 49er strikes gold. This helps preven… Ancient to early modern historyIn ancient, medieval, and early modern monetary systems, coins were manufactured from gold, silver and other metals because of its ability to be mass produced and standardized. Furthermore, other metals such as iron or copper had more practical uses for tools and weapons. Because g…

Desire to return to a gold standardSome people (such as perennial Presidential contender Ron Paul and adherents to the Austrian school) continue to preach in good faith that without a gold standard, money is "objectively worthless"; these people are sometimes known as "gold bugs…

Advantages of fiat currencyThe advantage of a fiat currency is in theory to match the expansion of the money supply with the expansion of economic output rather than having the money supply expand arbitrarily whenever a Yukon Cornelius 49er strikes gold. This helps preven…

Ancient to early modern historyIn ancient, medieval, and early modern monetary systems, coins were manufactured from gold, silver and other metals because of its ability to be mass produced and standardized. Furthermore, other metals such as iron or copper had more practical uses for tools and weapons. Because g…

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rationalwiki.org

https://rationalwiki.org/wiki/Gold_standard

Aug 20, 2016 · Gold standard (science): A test that is defined as 100% effective. Golden Rule (ethics) : The universal principle of "treat others like you want them to treat you". Retrieved from " https://rationalwiki.org/w/index.php?title=Gold_standard&oldid=1720589 "

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rationalwiki.org

https://rationalwiki.org/wiki/Gold_standard_(science)

Gold standard, or sometimes golden standard, refers to the best possible test, most commonly used in medicine to refer to a test for a condition or disease. A gold standard medical test is not necessarily perfect, but one that is recognised as good …

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rationalwiki.org

https://rationalwiki.org/wiki/Gold

As a currencyHistorically, most currency was backed by a country's gold reserves. Today, however, there is so much money in paper currency that there's not enough gold in the world for it all. Despite this, some nutty libertarianswant to return to the gold standard. As a scamWatch Fox News for any period of time and you will see a commercial trying to get elderly people to invest in gold. First of all, these scams don't give you any gold, all you get is a certificate saying that you own the gold. Some people try to sell gold under the guise that it has a very stable valu…

As a currencyHistorically, most currency was backed by a country's gold reserves. Today, however, there is so much money in paper currency that there's not enough gold in the world for it all. Despite this, some nutty libertarianswant to return to the gold standard.

As a scamWatch Fox News for any period of time and you will see a commercial trying to get elderly people to invest in gold. First of all, these scams don't give you any gold, all you get is a certificate saying that you own the gold. Some people try to sell gold under the guise that it has a very stable valu…

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rationalwiki.org

https://rationalwiki.org/wiki/Talk:Gold_standard_(economics)

Why was gold chosen as a currency? Well a currency material should ideally be an element as they are easier to produce than many compounds. It should be impervious to water and air, at least along human timescales. It should be relatively rare. It …

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rationalwiki.org

https://rationalwiki.org/wiki/Talk:Gold_standard_(science)

The reasons culture is considered the gold standard are 1. you can verify what you get - you get a culture on a plate that can be further tested (antibiotic susceptibility, etc) and 2. it might (60% chance at best) catch one of the rarer causes of pertussis-like illness (B. parapertussis, others).

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rationalwiki.org

https://rationalwiki.org/wiki/Talk:Gold_standard_(economics)/Archive1

The reason why the US left the gold standard was because the Fed had printed too many Federal Reserve demand notes, had only 40% backing for those notes and when people came in during the 1930's "demanding" gold for their paper the Fed was in danger of running out of gold and defaulting on its obligations.

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rationalwiki.org

https://rationalwiki.org/wiki/RationalWiki:Community_Standards

Apr 21, 2022 · RationalWiki prefers that a page's history ("fossil record") be preserved and publicly available. Therefore, if a user wants a page deleted, they should bring it up on RationalWiki:Articles for deletion (formerly, the standard way was to discuss deletion on the article's talk page). It is considered polite to leave a message on the article ...

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wikipedia.org

https://en.wikipedia.org/wiki/Gold_standard

A gold standard means that the money supply would be determined by the gold supply and hence monetary policy could no longer be used to stabilize the economy. Although the gold standard brings long-run price stability, it is historically associated … rationalwiki

rationalwiki

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