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this kind of assumes that the only goal of an economy is to avoid recessions. growth is also very important to the average person, and the gold standard does no

this kind of assumes that the only goal of an economy is to avoid recessions. growth is also very important to the average person, and the gold standard does not optimize for that

lottin 4y ago
Recession means absence of economic growth.
bratwurst3000 4y ago
The goal of an economie should also be stability of the system. So that people can have a good baseline for living
- kgantchev 4y ago
  Why is economic stability more important than higher economic prosperity?
  - ivoras 4y ago
    How does this sound: Optimizing for ever higher economic prosperity has so far had the side-effect of ever higher economic inequality, in no small part because only a small number of people are able to succesfully get rich off of moments of instablity. Optimising for stability means less homless people on the streets (which is an appaling situation in US which still despite that wants to call itself a first world country) because a larger part of society can plan their futures and actually have those plans come true. This also necessary includes socialised healthcare and schooling, for the same reasons (which again probably won't happen in the US for the forseeable future).