Philadelphia Reflections

The musings of a physician who has served the community for over six decades

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Proposal: Gradually Add Index Funds, Unify European Sovereign Bonds, Expand Swiss BIS I

To consolidate and simplify the foregoing:

1. Restore the monetary (gold standard), using national index funds instead of gold, and flexibility from the expansion and contraction of the market.

2. Unify sovereign bond markets, gradually and voluntarily, allowing national bond markets to persist as desired.

3. Allow European national central banks to unify through the Bank of International Settlements

 

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