I’m not saying we adopt gold as a currency, I’m thinking we should try using it more often to measure the value of things. I’m considering working on a web application that allows users to easily determine the price of something in gold by weight. It’s a fun thing to think about. Even with supply shocks from a new reserve, that is absolutely nothing compared to the inflation of the money supply.
I’m not saying we adopt gold as a currency, I’m thinking we should try using it more often to measure the value of things. I’m considering working on a web application that allows users to easily determine the price of something in gold by weight. It’s a fun thing to think about. Even with supply shocks from a new reserve, that is absolutely nothing compared to the inflation of the money supply.
It would only really be a thing after the depegging of the dollar after 1970.