“Fine whatever” until someone thinks that the pretty rock that we used to base the entire financial system around is what we still should base it around again, despite the fact that the whole economy could crash if someone digs a hole in the right place or develops some new refining technology.
The whole economy has already crashed multiple times, based on frivolous financial speculation on a massive scale with fiat currency. Gold, which is not a rock by the way, is at the very least finite so it inhibits the ability of these people to print fake money and burn it up, destroying people’s lives in the process. I’m not saying a gold standard would be preferable, but I do believe the question to be far more nuanced than “idiots wanna base money off of rocks, instead of just feels as we do currently”.
“Fine whatever” until someone thinks that the pretty rock that we used to base the entire financial system around is what we still should base it around again, despite the fact that the whole economy could crash if someone digs a hole in the right place or develops some new refining technology.
The whole economy has already crashed multiple times, based on frivolous financial speculation on a massive scale with fiat currency. Gold, which is not a rock by the way, is at the very least finite so it inhibits the ability of these people to print fake money and burn it up, destroying people’s lives in the process. I’m not saying a gold standard would be preferable, but I do believe the question to be far more nuanced than “idiots wanna base money off of rocks, instead of just feels as we do currently”.
Did you really just do an ‘um askshully’ because I called gold a rock?