> Commodity backing is a mechanism by which a country can ensure the stability of its currency across different political administrations. Historical data cont

> Commodity backing is a mechanism by which a country can ensure the stability of its currency across different political administrations. Historical data contradicts the idea that you get stability on the gold standard: * https://archive.is/https://www.theatlantic.com/business/archive/2012/08/why-the-gold-standard-is-the-worlds-worst-economic-idea-in-2-charts/261552/ https://archive.is/https://www.theatlantic.com/business/arch... * https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea https://www.moneyandbanking.com/commentary/2016/12/14/why-a-...