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Nope. I was a gold bug once, but I don't think it's a good way to manage the total money supply: it can't grow as fast as the economy (labor productivity) does
by recursivedoubts 4y ago
Nope. I was a gold bug once, but I don't think it's a good way to manage the total money supply: it can't grow as fast as the economy (labor productivity) does. I view money is a public social tool, and so it should be owned by all of us. Hence I am in favor of a citizens dividend for growing the money supply.
I do think you should be able to trade fiat into gold and vice versa tax free, so gold can be used for savings, which it is very good at.
In fairness, nobody agrees with me on this stuff, including myself at times!