[quote=SDEngineer]BTW, the other problem with a currency tied to a particular commodity – especially a scarce commodity little tied to GDP as a whole – is that by it’s nature, any fixed relationship to that commodity will result in deflationary pressure[/quote]
I’m with you there.
[quote=SDEngineer]which harms investment[/quote]
Not with you there. It would change the investment environment, not necessarily for the worse. The economy would become less “borrow and spend” oriented and more savings oriented. How awful.
