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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (43805)	11/18/2021 2:12:34 PM
From: Sun Tzu	1 Recommendation Recommended By Jacob Snyder Read Replies (2) \| Respond to of 97539

All this nostalgia for the gold standard is very, very, misguided. People who long for it have absolutely no idea what a horror the gold standard inflicted at the world. Human ingenuity and progress is limitless. The supply of gold on the other hand is finite. In the 19th century the world was literally running out of money. Everything was "just in time" and as a result the prices were very volatile because businesses didn't carry inventory - they worried that the value of their goods would keep falling. Big business and infrastructure spending was limited to where a monopoly power could be exercised to compensate for the risks. This is why you had robber barons and railroad tycoons. Make your case properly with reasoned arguments, not slogans and quotations or appeal to experts of a bygone era.