Replying to Avatar S!ayer

Fix the money by returning to a gold standard. Not the dollar standard.

That will literally solve A Lot, but also change the balance of power substantially. It's why gold is only $3k and growing in line with mining yields and not real demand.

That was changed in 1971 by Nixon, so that was a problem.

In fact, everyone was very happy when the dollar was gold backed. They literally supported it.

Then, to create 'rapid growth' , creating a 'promise' that the dollar would be paid back in America Labour and it's backing rather than gold, allowed the US to grow insanely rapidly from the 70's till now.

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Contra 4mo ago

We agree …

Fixed supply money > unlimited printing

Production-based economy > consumption based stimulus

Sound money creates better incentives​​​​​​​​​​​​​​​​

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