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Rather than lightly hinting at a dollar fix, Paulson should recognize that the dollar is utterly insignificant except as a measuring stick that facilitates the wealth-enhancing exchange of goods.
FORBES: Magazine Article
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Thirty-thousand dollars today is peanuts - who could live on that and how can that monetary figure be used as a career measuring stick anyway?
FORBES: Magazine Article
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That would make a U.S.-based stock index, such as the broad-market Russell 3000, an appropriate measuring stick for the fund, Mr. Gogerty says.
WSJ: Advisers Discover 'Managed ETF Portfolios'
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Just as a floating foot and minute would lead to a lot of building and cooking errors, floating money would and does foster a great deal of malinvestment and trade disharmony for turning voluntary, economy-enhancing exchange with stable money as the measuring stick into something where trading partners are increasingly at odds.
FORBES: The Comical, Central Planning Fantasy That Is 'Market' Monetarism