Economics consist of multible rules of thumbs with the manipulation of accounting as Nassim Taleb explains. Some of those rules of economics are absolutely testable. When comparing the details or aspects of economic theory, say, free markets with the prize signals or collective system without those prize signals - they too - can be put under the scrutnity and tests. We can test numerous things under the umbrella of economics. To be highlighted that according to etymology economics means...
I'm afraid I have no views on that topic worth sharing. I have come across some good arguments for returning to a gold standard, such as that it would reduce inflation, but I know too little about this.
I just became familiar to the subject in Wikipedia. That's all I know today. But read Judy Shelton or watch her lectures from the Youtube. As an experienced economist she is one of the best gold standard advocate known.
Economics consist of multible rules of thumbs with the manipulation of accounting as Nassim Taleb explains. Some of those rules of economics are absolutely testable. When comparing the details or aspects of economic theory, say, free markets with the prize signals or collective system without those prize signals - they too - can be put under the scrutnity and tests. We can test numerous things under the umbrella of economics. To be highlighted that according to etymology economics means...
I would like to read Sam's view regarding the ancap (commodity standard) versus the Gold standard
I'm afraid I have no views on that topic worth sharing. I have come across some good arguments for returning to a gold standard, such as that it would reduce inflation, but I know too little about this.
I just became familiar to the subject in Wikipedia. That's all I know today. But read Judy Shelton or watch her lectures from the Youtube. As an experienced economist she is one of the best gold standard advocate known.