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0 sats \ 0 replies \ @justin_shocknet 13h \ parent \ on: Would life have been better if we had stayed on a gold standard? econ
To hypothesize then we must distill the question down to its essence...
Since gold failed to sustain itself in human organization, would the world be a better place if humans were less flawed to such an extent that gold were actually an effective money. Then sure the obvious answer is yes, less shitty humans would improve a lot of conditions.
Something we can credit gold with are the lessons learned from it to improve ourselves. It failed, but at least it failed forward.