@GeorgeSelgin @LouisWoodhill @norbertjmichel @B_Eichengreen @MaMoMVPY @david_glasner @vtg2 @greg_ip @rcwhalen 1) @judyshel Selgin makes an honest effort to ferret out the potential risks of a gold price peg or gold price rule system. He even exhibits sympathy for the economic advances under prior systems. Either on Twitter or elsewhere, I will dissect the shortcomings of his analysis. @GeorgeSelgin @LouisWoodhill @norbertjmichel @B_Eichengreen @MaMoMVPY @david_glasner @vtg2 @greg_ip @rcwhalen @judyshel 2) The major flaw that is evident throughout his piece stems from what appears to be a complete misdiagnosis or understanding of what might be called the Ricardian (or Wanniskian) insight into the centrality of gold to a monetary system. His reference to Lucas and Sargent allow