The hard backing of the US dollar is oil at the moment, but that doesn’t help the citizenry since Citizens can’t exchange dollars for oil unlike how under the gold standard citizens can exchange dollars for gold.

Part of our modern society, and by extension international trade, is understanding that money itself only has the value we give it

Gold is exactly the same, but simply more antiquated. What actual value does gold have besides the value we give it? Can you eat it? Forge it? It has some use in electronics but that's about it and only relevant for the past 40-50 years or so.

gold's use is it's great amount of stability and unreactivity

So it's sort of silly to say we should throw away modern international trade since our currency is, without governmental backing, worthless, and instead base it on an item that is also as worthless in terms of practical application

It might have some uses, yea, especially in a modern context, but is it enough to base a currency off of?

That's why many ancient civilization had a "grain standard," as opposed to gold, with grain even being the currency at times

Wasn’t that the same time they used gold coins as currency

lol watch this UK:

https://investinestonia.com/largest-investment-methanol-plant-in-estonia/

@McBacoon Seem to have a thing against the UK, aye?

😘

Ye mate

Why is that?

Don't see any valid reason unless you're going to invent an insult?

I know the way to fix the min wage debate once and for all

lets here

it

Side A: Raise Min wage. Side B: But then the cost of everything would go up

valid points

but

The answer is to set a cap on how much more CEO's can make than their employees

you know back in the day they made 30% more

nowadays they make 300%+ more so

interesting

the answer is to cap it so they can only make like 50% more or something so then they won't lose profit by raising the wages

so the more their employees are paid the more they get paid, the less their employees are paid they less they are paid

I feel like there would be loopholes

like would this include bonus' and stipends?

no but you could only allow a certain amount of those per year

per person

Interesting for sure

if that could work its a shame we would never see it. That would be lobbied into the dirt

Like take the Walton family for example they make 25,000$ per MINUTE most people make that in a YEAR if they are lucky. So make them not make such a significant difference

then buried 6 feet under

yeah

but we could try

true shit

its the only answer that I have found

trying never hurt anyone

dont question me on that