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You’re going to have to clue me in, to what it would be deflating?! The word is like a decibel, in that it needs some reference marker… With the currency pegge

You’re going to have to clue me in, to what it would be deflating?! The word is like a decibel, in that it needs some reference marker… With the currency pegged to a standard, a penny would actually have more value, than it does now. I disagree on your mortgage point. The whole reason for rebasing to a standard, is to avoid those issues. Where I think the rub is for most people, is they’d have to disavow themselves of the notion, that a property should go up in value.

FredPret 3y ago
We can't mine enough gold every year to keep up with the rest of the economy. To put it another way, if gold was money, there wouldn't be enough new money every year to buy all the stuff we come up in a year. By decreeing gold to be money and money to be gold, we would be interfering with the market in a major way: artificially giving the value of gold a massive boost and cutting the value of all other things.
jetpackjoe 3y ago
> a penny would actually have more value, than it does now. That's literally deflation.