Submitted on Thursday 4th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Signatures: 17
Tagged with
Return UK to a Gold Standard
For every paper £ note created, a fixed amount of gold or silver must be held in reserve at the treasury for redemption on request of the bearer of that note.
Thus defecit spending and inflation are prevented.
The people will also have incentive to save knowing that their purchasing power stays constant.
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