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there have been some awesome posts so far... gold standard seems like a nice idea
but as other posters mentioned, it wont work. exchange rates and gold hoarding by countries (i.e. france during the interwar period) really mess with gold-blacked currency. as previously mentioned, increasing gold supply via mining is another issue.
the OP really just wants monetary policy to be less less inflationary. that can be accomplished via means other than the gold standard
my partisan opinion on excessive govt spending is that its politicians making their jobs easier... i.e. throwing money at the problem rather than fixing it the hard way.
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Originally Posted by surreybc
...common sense is for uneducated people who operate on animal instinct.
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