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<p>[QUOTE=&quot;Nerva, post: 3016776, member: 87761&quot;]Actually, I *am* an economist! At least, I&#039;ve taught economics at a major university and worked as an economist at a bank, though it&#039;s no longer my day job. You are right that you can have a gold exchange standard, which prevailed in the past. But it replicates exactly the problem of trust described in this thread, because the promise to redeem for gold at a given rate requires trust in the guarantor. Governments (or private institutions) can renege - as of course they did when we left the gold standard. </p><p><br /></p><p>I share your concerns about liberty and privacy, but I am very sceptical of the claims some people make for the gold standard.[/QUOTE]</p><p><br /></p>

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