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Re: Are gold coins being melted in quantity?
Apparently very few strong hands are willing to outbid dealers paying melt or less. (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
From ChatGPT: The classification of Federal Reserve Notes as liabilities is based on long-standing accounting and legal frameworks, not on avoiding surplus increases. This reflects their redeemabilit… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
"The following paragraph claims that federal reserve notes are not a true liability of the Fed. Please critique this paragraph: When the Fed issues reserve notes to member bank, they receive som… (View Post)1 -
Re: what would have happened if the us had stayed on the gold standard
The only person saying otherwise is you. The mechanics of the Fed's open market operations are irrelevant to this discussion. Either FRNs are obligations (liabilities) of the Fed, or they aren't. If … (View Post)2 -
Re: what would have happened if the us had stayed on the gold standard
> Then let me return the favor and fix it for you. Printing bonds = printing interest-bearing securities, with taxpayers on the hook to pay that interest. Printing money = printing official medium… (View Post)1
