Re:The Demoralization is just Beginning
by dumbledoren on Wednesday March 05, 2025 @07:32AM
(#43265694)
> Going back to a gold standard will limit the money supply. This means that there will be less capital for building $thing.
That's precisely the solution. The current state of the hollowed-out US economy is because of the zirp enabling a hollowed-out financialized economy riding on bloated stock prices and valuations. That is where that 'capital' came from. And like in every case of printing money, the bill eventually came due.
> A gold standard means that when the economy gets overheated it pops, then contracts and you get deflation
That can be fixed with other measures and regulations than enabling a scammy free cash economy that causes only hollowed-out bloat.
That's precisely the solution. The current state of the hollowed-out US economy is because of the zirp enabling a hollowed-out financialized economy riding on bloated stock prices and valuations. That is where that 'capital' came from. And like in every case of printing money, the bill eventually came due.
> A gold standard means that when the economy gets overheated it pops, then contracts and you get deflation
That can be fixed with other measures and regulations than enabling a scammy free cash economy that causes only hollowed-out bloat.