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We've had gold, and it was a massive equalizer between major powers. If someone overspent, they had to be smarter until they regained their wealth. Inflation h
by mkirklions 8y ago
We've had gold, and it was a massive equalizer between major powers. If someone overspent, they had to be smarter until they regained their wealth.
Inflation has destroys savings for the masses who keeps cash more than investment. We've seen this a half dozen times in the last 100 years.
- spookthesunset 8y ago> We've had gold, and it was a massive equalizer between major powers. The gold standard was one of the worst fiscal policies ever. Its use was directly responsible for the destruction of millions of lives. Arguing to bring it back shows incredible nativity and a severe lack of history. I suggest you read up on how horrible of an idea the gold standard was before you spout this kind of nonsense.
- mkirklions 8y ago> Its use was directly responsible for the destruction of millions of lives. Oh please, war happens for land, population, and resources. Gold is one of the resources. Anyone want to send this kid the link to 'We invaded Iraq because Saddam wanted to use Euros/RMB to trade oil?'
- ric2b 8y ago> I suggest you read up on how horrible of an idea the gold standard was before you spout this kind of nonsense. Can you propose some reading material?
- spankalee 8y agoInflation values future work over past work. It's not inherently bad.