The economy used to be asset based. It was based on a gold - TopicsExpress



          

The economy used to be asset based. It was based on a gold standard. $1 was representative of one dollar of gold. In this scenario the economy is run by the economic community and the results are reported by the media. We now have a confidence based system. The value of money is based on consumer confidence. So now economic policy is determined by the media and reported by the economic community. The opposite of what you would think!( or makes sense )
Posted on: Fri, 20 Sep 2013 00:20:37 +0000

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