I will take a shot at explaining the problem with a gold standard. 1. We want slight 1%-2% inflation to prevent hoarding from slowing the economy to a crawl. W

I will take a shot at explaining the problem with a gold standard. 1. We want slight 1%-2% inflation to prevent hoarding from slowing the economy to a crawl. Why invest or buy something today when the cash stuffed in my mattress will buy something better in 6 months. 2. If you agree with the first statement, why tie the rate of growth of money to how fast you can dig a metal out of the ground? Let "experts" survey the economy and decide how much more money there should be this year as opposed to last year. I am not saying I agree completely with either statement, but that is one argument against a gold tied currency.