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bluegatty a day ago

It's impossible to talk about the supposed benefit of the Gold Standard without saying that it's a completely arbitrary constraint.

Basing currency on a shiny rock is the stupidest idea ever, that only happens to work because it plays into the worst of human convictions, which is egosim around fraud and debasement of currency.

Gold Standards are like very strong medicine with bad effects.

Notably, they would almost assuredly hold back the economy and cause deflationary traps.

The economy needs a bit more currency as it expands and that's that.