That is the belief of those such as Nobel laureate Robert Mundell, who reckons we have a far inferior international monetary system today than we did a century ago under the gold standard.

这正是诺贝尔奖得主罗伯特·蒙代尔(Robert Mundell)等人的信念。蒙代尔认为，目前的国际货币体系远不如一个世纪前金本位制度下的体系。

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Triffin' s problem reveals the dilemma of international monetary system under gold ex-change standard and this proposition has its typical meaning and it is necessary to make anextending.

“特里芬难题”揭示了国际货币在金汇兑本位制度下的两难困境，这一命题具有典型意义和引伸的必要。

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The only proven alternative to a global financial system without reserve currencies is the international gold standard.

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So the most recent, tiny remnant of the old gold standard (the Bretton Woods System only applied to international exchanges, it had no domestic impact on the US or other nations) did indeed collapse for exactly the problem of the supply of gold.

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Stable Money, ideally, means a gold standard system. (For smaller countries, it can mean a link to a reliable international currency.) Although it is possible to devalue the debt away, unfortunately you also devalue your economy away at the same time.

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