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!

the money is worth less and less so the govt price fixes

^

which doesn't work

What? Price fixing is to prevent the market from over valuing basic commodities

Eh, not really.

That's literally the purpose

explain it to him qwasi.

Price is determined by the confluence of demand and supply. If there is a lot of demand and little supply the price goes up

Price capping stops that which can cause shortages

I don't need anything explained to me

It's what happened to toilet paper