Practical Obstacles to the 'Standard'

In: Economic affairs: journal of the Institute of Economic Affairs, Band 6, Heft 5, S. 30-31

Abstract

Changes of units of account are faced with severe practical difficulties, argues Tyler Cowen, Post‐doctoral Fellow in Economics at George Mason University, Virginia. The Preferoble alternative to commodity based units of account is to be found in the private supply of new medio of exchange.