Philadelphia Reflections

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

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Proposal: National Stock Indexes Gradually Replacing Inflation Monitoring
For centuries, most governments have "controlled their currency", because most governments foresee the need to do so in emergencies. The list of government rulers who then manipulated the money supply for unauthorized purposes is a long one.

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

Originally published: Tuesday, October 02, 2018; most-recently modified: Monday, June 03, 2019

 

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