美国是否正在加速回归金本位?

2019年8月6日15:13:07美国是否正在加速回归金本位?已关闭评论 6605588字阅读18分37秒
摘要

美联储已经不必要地卷入了贸易政策,而没有坚持其监管货币体系的职能。当经济学家支持无限制地印刷货币、高债务和通货膨胀时,回到金本位并不是一个流行的想法。

There may be readers who weren't even born when the U.S.still had a gold-backed dollar.Since the gold standard was abolished in 1971,the value of the dollar has decreased annually by 3.96 percent.You would need over$600 today to purchase the same goods you purchased for$100 in 1973.Still,a dollar is a dollar,right?No,it is not.It is just a piece of paper.

也许有些读者甚至在美国还拥有黄金支持的美元时还没有出生。自从1971年废除金本位制以来,美元的价值每年下降3.96%。今天你需要超过600美元来购买你在1973年花100美元购买的同样的商品。不过,一美元就是一美元,对吧?不,不是的。这只是一张纸而已。

美国是否正在加速回归金本位?

Is there a chance the U.S.could return to the gold standard and provide real value to the U.S.currency?Judy Shelton and Christopher Waller are President Trump's pick for Federal Reserve governors.As it happens,Ms.Shelton is a believer in the gold standard and a critic of current Federal Reserve policies.She believes that the Fed has become unnecessarily involved in trade policies instead of adhering to its function of regulating the monetary system.Returning to the gold standard is not a popular idea these days when economists support the limitless printing for currency,high debt,and inflation.

美国有没有可能回到金本位,为美元提供真正的价值?朱迪·谢尔顿(Judy Shelton)和克里斯托弗·沃勒(Christopher Waller)是特朗普总统挑选的美联储(Federal Reserve)理事。碰巧,谢尔顿女士是金本位的信徒,也是美联储当前政策的批评者。她认为,美联储已经不必要地卷入了贸易政策,而没有坚持其监管货币体系的职能。当经济学家支持无限制地印刷货币、高债务和通货膨胀时,回到金本位并不是一个流行的想法。

相关:聚光灯下的黄金-法定储备货币的日子屈指可数

美国是否正在加速回归金本位?

Ms.Shelton would have been considered mainstream 35 years ago.Today,she is thought of as unorthodox.In 2018,she wrote in an article published by the conservative thinktank,Cato Institute,

谢尔顿女士在35年前会被认为是主流。今天,她被认为是非正统的。2018年,她在保守派智库卡托研究所发表的一篇文章中写道:

"If the appeal of cryptocurrencies is their capacity to provide a common currency,and to maintain a uniform value for every issued unit,we need only consult historical experience to ascertain that these same qualities were achieved through the classical international gold standard."

"如果加密货币的吸引力在于它们有能力提供一种共同货币,并为每种发行的货币保持统一的价值,那么我们只需参考历史经验,就可以确定,这些同样的品质是通过传统的国际金本位实现的。"

She also authored a book,Fixing the Dollar Now.In it,she advocates for linking the dollar to a benchmark of value,preferably gold.More than four decades ago,the currency of all major countries,such a Britain,Japan,France,Russia,and others were linked to gold.In 1933,the dollar was linked to$35 worth of gold.In 2019,the value of the dollar is less than one-thirtieth of that.

她还写了一本书,《现在解决美元问题》。在这篇文章中,她主张将美元与价值基准挂钩,最好是黄金。四十多年前,所有主要国家的货币,如英国、日本、法国、俄罗斯和其他国家的货币都与黄金挂钩。1933年,美元与价值35美元的黄金挂钩。2019年,美元的价值还不到这个数字的三十分之一。

The gold standard helped the U.S.prosper for 180 years.The signers of the U.S.Constitution included this requirement in Article 10.

金本位制帮助美国繁荣了180年。美国宪法的签署者将这一要求写入了第10条。

No State shall enter into any Treaty,Alliance,or Confederation;grant Letters of Marque and Reprisal;coin Money;emit Bills of Credit;make any Thing but gold and silver Coin a Tender in Payment of Debts;pass any Bill of Attainder,ex post facto Law,or Law impairing the Obligation of Contracts,or grant any Title of Nobility.

任何国家不得缔结任何条约、联盟或邦联;不得发放捕鱼与报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打击报复性打。

Almost two hundred years later,such a concept is deemed unorthodox.Ideologies change,and not always for the better.

将近200年后,这种观念被认为是非正统的。意识形态在变化,并不总是朝着更好的方向发展。

The reason the Founding Fathers included a monetary policy in the Constitution is that they wanted money to be as far away as possible from any human intervention.This was achieved by linking the dollar to gold.Gold is a stable commodity,and thus ensures a stable U.S.currency.

开国元勋们将货币政策写入宪法的原因是,他们希望货币尽可能远离任何人为干预。这是通过将美元与黄金挂钩实现的。黄金是一种稳定的大宗商品,因此确保了美元的稳定。

Countries today link their currency to some other,stronger currency,such as the dollar or the euro.This means that these countries have no control over their own currency and are at the mercy of an arbitrary link.But as the dollar and euro weaken,so do the currencies that have linked themselves to it.This serves as a disruption of all global economies.

如今,一些国家将本国货币与其它一些更强势的货币挂钩,比如美元或欧元。这意味着这些国家对本国货币没有控制权,任由人为的联系摆布。但随着美元和欧元走软,与美元挂钩的货币也在走软。这对全球经济造成了破坏。

"Stable money"provides us with logical economic guidelines.Market forces become the determining factor of what is produced and where capital is spent.For example,if the price of oil becomes too high,the consumer will reduce oil consumption while companies will either increase their production of oil or seek other sources.When market forces rule,everyone benefits.

"稳定货币"为我们提供了合乎逻辑的经济指导方针。市场力量成为生产什么和资本在哪里使用的决定因素。例如,如果石油价格过高,消费者将减少石油消费,而公司将增加石油产量或寻求其他来源。当市场力量统治时,每个人都会受益。

Market forces have largely been replaced by government interference and manipulation.The cost of a loaf of bread is what the government says it will be.(See Venezuela for an extreme example.)To manipulate prices,the government,or the Fed,needs to manipulate the value of the dollar.The loaf of bread purchased a year ago for$2.00 now costs$2.50.Same bread,manipulated price.When market forces rule,the price of a loaf of bread would be determined by consumer choice.Under central banking rules,the price would be manipulated by some artificial whim.

市场力量在很大程度上已被政府干预和操纵所取代。一条面包的价格正如政府所说的。(参见委内瑞拉的一个极端例子)为了操纵价格,政府或美联储需要操纵美元的价值。一年前以2美元购买的一条面包现在要2.5美元。同样的面包,操纵的价格。在市场力量作用下,一条面包的价格将由消费者的选择决定。根据中央银行的规定,价格会被人为操纵。

美国是否正在加速回归金本位?

One of the easiest ways to manipulate money is through easy credit.Print unlimited currency with no intrinsic value and you create a mountain of debt.This will inevitably lead to inflation and higher prices.If the dollar were once again linked to gold,only a certain amount of money,backed by gold,could be printed.Debt,inflation and higher prices would almost immediately go into a tailspin.Money cannot be manipulated under the gold standard.Perhaps that is why so many economists fear to return to such a standard.

操纵货币最简单的方法之一就是通过宽松的信贷印刷没有内在价值的无限量货币,你就会创造出一座债务山。这将不可避免地导致通货膨胀和物价上涨。如果美元再次与黄金挂钩,那么只有一定数量的以黄金为后盾的货币才能印刷出来。债务、通胀和价格上涨几乎会立即陷入混乱。在金本位制下,货币是不能被操纵的。也许这就是为什么如此多的经济学家害怕回到这样的标准。

Judy Shelton will be duly criticized for her opinions.Stable money is a new concept for a new generation of bankers and economists.But gold has been around for thousands of years and will undoubtedly outlast these new thinkers.

朱迪·谢尔顿将会因她的意见而受到应有的批评。对于新一代银行家和经济学家来说,稳定货币是一个新概念。但是黄金已经存在了几千年,而且毫无疑问将会比这些新思想家更持久。

来源:https://www.zerohedge.com/news/2019-08-04/could-us-be-gearing-return-gold-standard

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  • 本文由 发表于 2019年8月6日15:13:07
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