Message from @VaingloryPvP
Discord ID: 704193231348301885
ofcourse anarchy would be bad in 2020
You need to chill out.
I am chill?
government isn't really the issue, the issue is fiat currency tbh
small government is good
and fiat currency is due to the government.
Paper money.
no
I mean, the government has pushed for fiat currency throughout American history, sure
Fiat currency is what prevents economic collapse from recession and depression, if we still maintained the gold standard or any kind of standard there would be no way to recover
that's a myth
the gold standard would keep things stable
Im boredddd
Wha... That's basic economic fact. You can't stop an overheating economy with a fixed value currency
Just trade
You can't deal with a market xrash of any kind
The gold standard would massively devalue the US dollar and crash the economy in the snap of your fingers
Unless you took like
90% of all US dollars out of circulation
the economy would never "overheat" if our currency was backed by a commodity such as gold
That's
do you not understand the process of inflation?
fiat currency is what is devaluing our money
they print more and more money, it's worth less and less
Ok ok ok I understand how inflation works
But in order to afix the US dollar to a gold value
The government would have to fix a selling price for gold
wrong again
Wha
That's what the gold standard is
You’re wrong soup.
no.
explain why price fixing would be necessary?
Y
You’re smart qwasi.
Very smart.
Its a price for gold set by the governmemt. It's how much gold the government will "convert" for a specific amount of money
That's what a standard is
Yep.
That sets the price of gold for that currency