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

Screenshot proof. possible WW3. war happens on may 6 2020. Predicted-April 26

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

that's not price fixing

^

Yes you're right

It's setting a price essentially

price fixing is when the govt says a pound of flour costs this much and if you deviate from that we'll chop your fucking head off

No.

You give the government a certain amount of money and the government gives you gold back

no.

govts price fix in order to try and offset the negative of fiat currency

Your just conflating terms dude

Yep qwasi!