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Money not subject to massive inflation and deflation as its value is not tied to the amount of gold coming out of the ground, but rather to the economy. Gold-b
by xenadu02 11y ago
Money not subject to massive inflation and deflation as its value is not tied to the amount of gold coming out of the ground, but rather to the economy.
Gold-backed current sucks. When new gold is discovered it's value swings wildly. When no gold is being discovered but the economy is going great there is a shortage of it so deflation sets in, causing loans to balloon in real terms.