Hughesair (Inflection Point)

Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from experience than from research and more from science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. The Floatplane book is out there. I am currently working on Hippocrates a History of Medicine and Globalism. Enjoy!

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Wednesday, April 06, 2022

Gold Standard

 https://www.indiainfoline.com/article/general-others-factiva/russia-moves-closer-to-gold-standard-and-what-it-really-means-122040400030_1.html

Russia’s move to a gold standard already benefits the Rubble. It may debase the USD. Productivity will fight inflation but it will take a long time. We may find ourselves back on the gold standard as a defensive move. A gold bidding war in reverse? The Media thus far remains silent on the subject.

What if we were to link the USD to gold for $1 less than Russia, at $49 / gram? Then stop importing Russian oil. Problem, once the oil off loads into petroleum tankers, it looses its identity, other than its physical characteristics. 

US Productivity, however, would solve both inflation and the supply problem. Once we lift the insane restrictions, US productivity should explode.

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