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#1 -- Well he didn't suggest that everyone do it. #2 The actual amount available at any given time is not so important as over time whatever amount there is re
by dualogy 18y ago
#1 -- Well he didn't suggest that everyone do it.
#2 The actual amount available at any given time is not so important as over time whatever amount there is reflects whatever "amounts" of goods, services, value and labour "exist". You have the same the other way around with the paper money supply. Increase it, and "over time" there's just as much "inflation" (not a price increase BUT a money devaluation) to cover that. So how much gold Chad has compared to other countries matters exactly zero.