monarchist

Minarchist

🤔

Oh

ok lol

Except private courts seem more ancap than minarchist

Ye I’m just saying how it would work

minarchist are courts, police, military

Ok so

do you think the government should provide a uniform currency or should currency be privatized

How would you privatise currency

I think it shouldn’t be backed by nothing

Like full-on bitcoin paradise

You would support gold standard??

*?

Ye

See, I would prefer non-inflationary fiat to gold standard for reasons that I think you could agree with too

Well you can’t have that

It’s inherently inflationary

I mean, printing money only at rate of economic growth

Just the bare minimum to stop deflation

No fed, no central bank

Just a producer of currency to meet demand and no more

That would be be, in my opinion, superior to gold-backed

What’s wrong with deflation

there’s nothing wrong with deflation in any way

visitor here come the central planning talk again

Printing money will always cause inflation

And boom and bust cycles

Inflation can't really cause boom and bust if it's constant, for the same reason it can't stimulate the economy if it's constant (according to Hayek).

Inflation is taxation without legislation

It shouldn’t exist

Inflationary booms have been caused by this increase in money supply through the century

Yet there were tons more recessions before we left the gold standard

Which brings me to my next point

Because of this very cheap credit expansion

A gold-based currency depends a lot on the value of gold, which can fluctuate and cause problems. That's really the main thing.

Look at the individual policies enacted in those periods

they won’t cause problems

That’s a myth itself

Like I said, if we avoid discussion about central banking for a minute, I think gold-backed currency has problems that you could agree on.