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A comment on The Gold Standard and the Great Depression (1997). Parent comment

Re:The Gold Standard and the Great Depression (1997) by louloulou on Tuesday October 26, 2021 @02:57PM (#29004688)
Who said anything about inflation. It's about central planners arbitrarily moving around purchasing power in the system.

If I have $10 and you have $10, and then someone prints $10 and gives it to you. You went from having the same purchasing power as me to double mine, without any change to the available goods and services.

> lenders have always had a way out in this situation: investing

Yeah, that's why we're investing in a fairer monetary system, where this power to create money arbitrarily doesn't exist.

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Re:The Gold Standard and the Great Depression (1997) by mohanmcgeek on Wednesday October 27, 2021 @06:05AM (#29011266)
If you choose to "invest" in a Ponzi scheme that's your predicament.

My point is that equity: public or private, has always been an alternative everytime lending money isn't worth the while.

Bitcoin brought nothing to the table.

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