Privatize as much as I can get away with and establish a Gold Standard.
lol
Are you serious? A country like Syria could have a gold standard for about 2 minutes max.
Before the US invades me it will probably take at least a month of media demonization of my regime so the people are on board.
Do you know what a gold standard is in regards to currency?
Yes it means that money is actually backed up by something.
I don't think you do. Explain why I would hold Syrian currency is there's a fixed exchange into gold. Wouldn't this policy just result in Syria having no gold reserves, with no attendant benefits?
So...tell me if this is what you're envisioning: Syrian government comes out with a ratio for gold to Syrian dinar. Syrians instantly run to the banks and trade in their dinars for gold, leading to the government lowering the gold to dinar rate, leading to rampant inflation, leading to more people turning in dinars for gold, leading to the rate lowering again, leading to more inflation, producing a situation where people are racing to get rid of their dinars before the government runs out of gold and their money is valueless.
