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0 sats \ 0 replies \ @Chep 17 May 2023 \ on: Why a gold standard is a very bad idea bitcoin
Tl;dr The gold standard between the wars was not synonymous with stability, and the evidence shows that both inflation and economic growth were quite volatile under the gold standard. Criticisms of returning to the gold standard include problems such as tying prices to the amount of money in the economy, wasting resources, and inviting speculative attacks.
In my opinion these same arguments could apply to the fiat standard lmao