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That isn't true for gold - historically it has destabilized economies several times by having both too little and too much gold relative to the true size. The g
by Nasrudith 6y ago
That isn't true for gold - historically it has destabilized economies several times by having both too little and too much gold relative to the true size. The gold standard has caused many wars and travesties as conquest was started for the sake of raising their economic cap above deflation, let alone debasement of currency.
A "natural rate" of interest doesn't seem like a meaningful concept to me, to be pedantic. There is nothing natural about it, it is all tautological based upon what "works". Closest concept to it I see is the currency vs productivity mapping for what causes real inflation. Given that universal value is a mere mentally convenient myth everything is fuzzy anyway.