China’s property giant Evergrande files for bankruptcy protection in Manhattan

Re:China’s property giant Evergrande files for bankruptcy pr... by gottorf on Saturday August 19, 2023 @06:38PM (#37194052)

One current presidential hopeful has a policy position of undoing that, by having the dollar become a stable unit of measurement against real commodities. It's an interesting idea, and perhaps one more realistic than going back to the gold standard.

[ Parent | on HN ]

Re:China’s property giant Evergrande files for bankruptcy pr... by somenameforme on Sunday August 20, 2023 @12:22AM (#37196108)

I don't entirely understand the difference? As the USD has no inherent value, if you stabilize it against a measurement of various commodities you end up with the same thing where 1 'unit' of commodity groups = $x USD. Perhaps it's that the volume of commodities expands more regularly, so eases expansion of the monetary base more than e.g. gold where there is limited supply expansion?

[1] - https://fred.stlouisfed.org/series/A091RC1Q027SBEA

[ Parent | on HN ]