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New Dollar Backed by Gold Coming This October?

New Dollar Backed by Gold Coming This October?
A security guard walks near the World Bank Group building on an empty street in Washington, on April 13, 2020. DANIEL SLIM/AFP via Getty Images
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7/31/2020|Updated: 8/22/2022
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Capitalism has a natural way of resetting itself. Markets reward winners while punishing losers. Losing businesses restructure, finding a better angle to compete, or else go bankrupt. The business owner, hopefully wise enough not to fall into complete ruin, starts over and re-enters the market, wiser and more competitive than before (at least, that’s the idea).

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IMF - International Monetary Fund
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