<Ul> <Li> limited and predictable supply of the anchor of the monetary system </Li> <Li> no central bank or monetary authority controls the supply </Li> <Li> low or non-existent inflation </Li> <Li> virtually no arbitrage costs for international transactions </Li> <Li> Governments have less control over their domestic economies </Li> <Li> Governments lose seigniorage revenues that they obtain from the ability to almost costlessly create money </Li> </Ul> <Li> limited and predictable supply of the anchor of the monetary system </Li> <Li> no central bank or monetary authority controls the supply </Li> <Li> low or non-existent inflation </Li>

When did the us switch off the gold standard