From gold to green to ... digital gold?
Since we scrapped the gold standard in 1971, the U.S. dollar has been “the world’s primary measure of value,” says Sebastian Mallaby in The Washington Post. But as it gets weaker, other countries will start “steering clear of greenbacks.” As the world searches for a viable alternative, a privately created, inflation-proof currency—“digital gold,” say, pegged to gold and commodities—sounds increasingly less “like a fantasy.”
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