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So Erin Burnett catches Moore in a lie, but ... 1/n
Moore's fall-back position: "not a gold standard specifically, but a commodity basket generally" is possibly even a worse idea, because ...
Commodity prices are not stable! In the short term, they fluctuate wildly. In the long term ...
I get the attraction of ideas like the gold standard/commodity baskets. The truth about money is too freaky for the human mind to absorb.

"What is money?"

"Whatever people think it is."

"Whoah."
It's like realizing that everything you know and love amounts to a little speck on a rock whizzing through space at 67,000 mph wrapped in life-smothering vacuum. Scary.
Ditto the radical arbitrariness of money. How much more calming to believe that value must inhere in something bright and shiny! The idea that we ... made it all up ... is disorienting.
But - we did.
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