Gold's Anti-Social Behaviour Order
From the desk of Izabella Kaminska:
Which leaves two possible plans out of the crisis:
1) The goldbug plan: based on encouraging everyone to hoard ever greater amounts of natural wealth for themselves and themselves in what is ultimately a commodity you might never be able to eat.
2) The fiat plan: based on encouraging society to trust each other again, and via that storing, redeeming and returning favours until the system’s ails are eliminated.
Gold's Anti-Social Behaviour Order, FT Alphaville
From the same author, don't miss:
Debunking goldbugs, FT Alphaville