Keyword: currency

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US

Bitcoin

This week’s IGM Economic Experts Panel statement: A bitcoin's value derives solely from the belief that others will want to use it for trade, which implies that its purchasing power is likely to fluctuate over time to a degree that will limit its usefulness.
US

Gold Standard

This week’s IGM Economic Experts Panel poll statements: A) If the US replaced its discretionary monetary policy regime with a gold standard, defining a "dollar" as a specific number of ounces of gold, the price-stability and employment outcomes would be better for the average American. B) There are many factors besides US inflation risk that influence the current dollar price of gold.