I would like to hear your opinions on this.

The gold standard was a very limiting thing but it was based on reality. It’s really easy to grow when your economy is based on imagination and saying something is growing becomes really easy. Modern day problems like hustle culture, get cash fast schemes and Inflation from currencies losing their value based on things economist can’t agree on. Stem from the fact we live in the Disney land of money and economics.

The best example right now is the Diesel price that goes up and down not on quantity, but on news as well as stocks that although filled with companies that are going bankrupt still go up. This has created a wealth base that is so limiting and liquid throwing your money on Gambling on stocks, or other methods has become a more viable method then working although unstable and luck based with disadvantage.

Innovation has stalled and is in fact non existent as education is now a business model and a gate keeper. You can no longer do independent research a company or organization needs to stand behind you. Even free education systems make up with housing food and classes and are not truly free.

And even the education quality is down because the money they are given becomes worthless with every day. Most salaries don’t move and the money becomes worthless creating a education crisis with teachers that don’t care to teach kids to read. Leaving the more qualified teachers to go on more worth wile professions like private education or tutoring making basic things only for a elite few.

  • OpenStars@discuss.onlineEnglish
    3·
    6 days ago

    Possibly true but your arguments seem all wrong - e.g. as people have pointed out, diesel prices are limited by supply and demand and would have fluctuated under a gold-based economy also.

    Afaict, the gold standard was implemented in order to entice people not to simply hoarde their gold but rather reinvest it into active endeavors. So probably hoarding has its own downsides that just because we haven’t seen them lately does not mean that they do not exist - e.g. feudalism.

    I feel not smart enough or qualified to argue for the stock market - as you say it is responsible for a lot of societal ills today. Not that our opinions matter in the slightest - the oligarchy is in charge regardless.