Ah the gold standard was about pegging the amount of money in circulation to the quantity of Gold 'in the world', roughly speaking. Of course with a growing ec

Ah the gold standard was about pegging the amount of money in circulation to the quantity of Gold 'in the world', roughly speaking. Of course with a growing economy this makes no sense, as you need more money to facilitate this growing exchange of goods and services, and so the gold standard is inherently deflationary (see also Bitcoin). (Fiat) Money of course is just a signalling mechanism, it is not 'real' - money supply / velocity / inflation are concepts for understanding the mechanism, not much politics or philosophy involved.