The cost of living crisis is ultimately an inflation crisis. There's too much cheap money in the system because banking insiders can lobby the government for truck loads of BS fiat currency whenever they lose big in the markets. Being on the Gold Standard would constrain the bankers and governments in terms of how much latitude they have to change the rules of the game whenever it suits them.
Indeed, it was a mistake to allow "australia" to be anything other than a prison colony farming dirt all day. As a matter of genetic hygiene, their descendants should have been conscripted to primitive dirt farming as well.
>>540673586We are anglo-saxons just like Americans.
>>540673128It was done on purpose.
>>540673663America is pan European super hybrid
>>540673128bro you just did a big anti semitism
>>540674124I know. Keynes penchant for sodomy => loose bowel movements, loose money
>>540673128>we can't print money so people can spend it on goods and services because we can't mine enough of an arbitrary metal that has nothing to do with any goods or servicesthe gold standard was always a completely retarded idea and inflation is not a bad thing if it's kept to a reasonable level
>>540675001Like letting your cat guard the cheeseburger from the dog.
>>540675001>if it's kept to a reasonable levelyou know what works even better?
>>540675247gold is dogshit compared to just putting the money in the S&Pthere's a reason that boomers invested in the market got rich, not the gold bugs
>>540673128Yes, and no.A currency backed by gold, while inherently tied to a material with finite quantity and objective value, still suffers one major problem: at least one-fourth of all the gold on earth is owned by banking families (Rothchild, etc.)The value of a gold-backed currencies can be manipulated worldwide if markets are intentionally flooded with a large supply gold. This would crash the value of the currency and allow the same families to buy up and then hoard those affected currencies.Silver AND gold backing, or a Bimetallic Standard, is better. While gold is scarce and easily hoarded, silver is less scarce and has a lower value per ounce that corresponds with average, everyday transactions. Silver has also existed historically in a 1:15 ratio with gold.Silver was outlawed from being used as currency in the US in 1893 - referred to as the "Crime of '73". This, the confiscation of US citizen gold, and the creation of the Federal Reserve in 1913, placed the US and its citizens under the control of international banking.A fiat currency can and has been used successfully, as long as it is issued in proper proportion to facilitate trade. Colonial Scrip worked until the Bank of England outlawed the colonies' ability to issue their own currency prior to the Revolutionary War, and the Tally Stick System was used in England for hundreds of years.Read the following:The Creature of Jekyll IslandA History of Central Banking and The Enslavement of MankindWatch "The Money Masters", a 3+ hour documentary on the history of money and banking.
>>540675720Rothbard's History of Money and Banking in the USA is really good and is a free audiobook on youtube.What you find out is that when the government has the ability to create currency, or regulate banking, bankers constantly complain to the government about "scarcities of money" and get the government to shower them in cash. The biggest problem here is not in fact the government, but getting people to stop giving literally all the money they earn to bankers, which is insane.
>>540673128You are economically illiterate if you think the gold standard is a functional way to run an economy in 2026.
>>540673128>Was it a mistakeif you were trying to do the right thing then yes it was a mistake, but they knew exactly what they were doing so no it was not a mistake it is theft via inflation/devaluation.
>>540673128After all is said and done your standard of living means nothing if the gov cant print anf fund armed forces
>>540673128No, hard money is retarded. First off, all money is fiat, it only has value because of laws, courts, and taxation, that includes hard money. Money at the end of the day it's just an IOU and you shouldn't waste a valuable resource like gold or silver just to represent an IOU. Paper is better because it's practically worthless and thus it's supply is flexible. That said, issuing the currency should be done by the government and it needs to be kept in check so that it isn't abused. The fundamental (wrong) assumption of hard money advocates is that money came about in a free market naturally to act as a universal equivalent and store of wealth. That's not how money actually works, money is not a commodity which the free market came to naturally, it's an IOU backed by a government so that it can be used internally in the market that the government created. IWhat do I mean by an IOU? I mean that it's used to pay for public goods and services. If you're a state, you have a certain amount of resources, and a certain amount of people who can make use of those resources. How do you make actual this potential productive capacity? You pay for it with the currency you create yourself, you create demand for the currency but creating the market and demanding taxes.
