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Reviving Gold in Monetary Policy
This chapter explores the implications of linking monetary policy to gold-backed securities, examining how this could impact the Federal Reserve's decisions amid fluctuating gold prices. The conversation includes concepts such as gold-backed bonds for stablecoins and the potential return to a gold-linked international monetary system, echoing the classical gold standard. Additionally, it discusses fiscal responsibility and sound economic strategies, highlighting the importance of historical insights in shaping future financial practices.