Comment on who's the ceo?
OmegaLemmy@discuss.online 1 month ago
Fuck it, gold standard
I am no expert but after reading all that, reintroducing the gold standard seems like a very bad idea. It just replaces one type of regular occurring crisis with another and now your food becomes more expensive when Australia opens a new gold mine.
Yeah I said it because it also prevents inflation from being controlled by the state
But this also lead to nations having way less gold than they require in order to have a currency adequately valued
e8d79@discuss.tchncs.de 1 month ago
I am no expert but after reading all that, reintroducing the gold standard seems like a very bad idea. It just replaces one type of regular occurring crisis with another and now your food becomes more expensive when Australia opens a new gold mine.
OmegaLemmy@discuss.online 1 month ago
Yeah I said it because it also prevents inflation from being controlled by the state
But this also lead to nations having way less gold than they require in order to have a currency adequately valued