If you rely on precious metals as money, they make a perfectly good medium of exchange. Unfortunately, the money supply will still change. Imposing a fixed am

If you rely on precious metals as money, they make a perfectly good medium of exchange. Unfortunately, the money supply will still change. Imposing a fixed amount of money on the world does not somehow imply that there is a fixed supply of money. This was a central problem in European economies for thousands of years. You hate the central banks. Great. What's your solution? Chaining your economy to precious metals or a computer algorithm is an unpleasant alternative. (An interesting historical option: rather than precious metals, Chinese accounts were historically backed by the productive capacity of the land. i.e. capital was defined in terms of rice. This had its own ugly side-effects. Still, it was, in many ways, less ugly than relying on precious metals, since money supply was at least somewhat correlated with economic activity)