Oh dear markmax, I’ve failed. To convince you how rediculous your argument is.
Here’s the deal mark. A gold standard is no different than a fiat currency. Because gold has no inherent value. It’s value, exactly the same as the US dollar, is whatever someone will trade for it. Historically, it has had a special place. But not because of any divine reasoning. It’s just metal. And relatively rare.
The value of a dollar, whether backed by gold or not, is based on the resources for which it can be exchanged.
If you want to argue that we should have a fixed money supply, rather than an elastic money supply make that argument. The whole gold thing just doesn’t really hold up.
