New Zealand, survival without gold reserves
Can New Zealand and other countries, like Norway and Canada, survive as we know them without gold reserves? In this blog, I've always kept away from politics; I just see patterns. With the current rising gold price, it is no different; I see it as a fractal question. I see an economy as a fractal, and the measuring stick of the economy as money, and money is (historically) gold (and silver). Hyperinflations are exponential, and fractals point to the mathematics of exponentiality. I have a strong interest in money, aways have, even if I'm hopeless at making it. I think fractal thinking may help us think about how this could play out. Before I go there, it is, to reiterate, my fractal thinking that underpins my view of the importance of gold and silver as a measuring stick in an economy. They are a unit of measure. I have discussed this inflation comparison or analogy with the coastline paradox. This is my claim on what price inflation is . Fractal thinking i...