The thing is the people at the top are rising and the actual wage gap between the richest and poorest isn't closing which is made worse since the value of modern currency is also dropping

(2nd graph shows that they're creating more value, 1st graph shows that they aren't getting shite for it)

So what do you suggest doing? The gold standard?

...because I've got another graph for that 😂

I don't know, that's also ineffective because it relies on measures stabilizing the value of a not so precious metal that is hoarded away by a group of moguls

Yas boi you get it

However, other likewise valuable objects are ineffective too

Well that and the fact that gold isn't extracted nearly fast enough to keep up with economic growth so the gold standard would be in a constant state on deflation

Of deflation*

The only way for a metal standard to work is for it to be in increasing demand and value and likewise be among the rarest metals which really means Francium or platinum

Even then that might result in pretty bad inflation/deflation

Not to mention how unstable markets are

Me graphs

It's more stable than the current standards

Also, why do we still keep our gold reserves

So while, in this case, the price of milk in USD has been inflating at a fairly slow but steady rate, the price of milk in Troy ounces of gold is rapidly deflating and was rapidly inflating prior to 2002

You can artificially create deflation and inflation with a fiat currency, but with something like a gold standard it all depends on the markets

Or the people who extract the gold

Hey guys

Well, you have to remember that gold is a luxury good that is only sometimes in demand because it doesn't have too many uses. Became more stable as they started using it in computer chips

But then dropped when the new gold finds down in Africa

We're talking about gold thought we were talking about politics. lool.

Money is politics

Economic politics 😎

money is economics, was gonna say

Yeah, because people like paying for shit

I responded to yer question @Deleted User in case ya didn't see

Yup

what was your answer

Guys

Oh wait

Nvm

Communism has failed every time

Oh jeez

It's failure to innovate has lead to it's downfall

https://theanarchistlibrary.org/library/emma-goldman-there-is-no-communism-in-russia

Welcome Mitt. 😂

Hello

Welcome Mitt