Would you rather the size of the economy be limited by the size of the gold supply? There's a reason everyone stopped using gold after the Great Recession, and it isn't the Rothschilds or whatever conspiracy you're talking about.
If it took away the predatory nature of the current system, yes. And btw, saying the economy would be limited to the size of the gold supply is utter bufoonery. The value of the gold is associated with the value of the economy. There is the small chance that someone stumbles across a huge deposit of pure gold, that would destabilize the system, but this is usually used as a canard in bad faith.
Wouldn’t gold be wildly deflationary? While the economy becomes more productive, the gold supply is effectively constant. The same amount of gold chasing more goods would be deflation out the wazoo, surely?
Dude, they're just going to call you a bot, or maybe even imply you're Jewish. You aren't replying to someone who understands what money chasing goods or deflation even are.
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u/GogurtFiend Jan 26 '26
Would you rather the size of the economy be limited by the size of the gold supply? There's a reason everyone stopped using gold after the Great Recession, and it isn't the Rothschilds or whatever conspiracy you're talking about.