Hong Kong almost contemplates removing the dollar peg

The previous head of the Hong Kong Monetary Authority has suggested that HK should consider a different monetary system than the peg to the US Dollar. Most others seem to think it’s a mad or at least premature idea.

What it isn’t is a suggestion to move to a gold standard –  I’m looking forward to hearing John Butler talk soon. I’m reading his book one why and how and when we will all move back to a gold standard. It’s actually not badly written, and his analysis isn’t as frothing-at-the-mouth as some, but he’s still wrong. I hope I get a chance to debate with him at the event.