☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.ml • edit-23 months agoA new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.external-linkmessage-square7 fedilinkarrow-up125cross-posted to: newseconomics@lemmy.ml
arrow-up125external-linkA new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.ml • edit-23 months agomessage-square7 Commentsfedilinkcross-posted to: newseconomics@lemmy.ml
minus-squareᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193@lemmygrad.mlhexbear5·3 months ago redeemable and anchored to real goods So basically they want the gold standard back? linkfedilink
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlhexagonhexbear12·3 months agoMore of a basket of different commodities, but yeah a move a way from a fiat currency to one that's actually backed by tangible material things. linkfedilink
minus-squareComradeSalad@lemmygrad.mlhexbear6·3 months agoWhere have I heard this before… Also the gold standard is notoriously unreliable and a terrible economic choice. Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite. linkfedilink
minus-squareᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193@lemmygrad.mlhexbear5·3 months ago gold standard is notoriously unreliable and a terrible economic choice. Doubly so now that so much money is printed linkfedilink
So basically they want the gold standard back?
More of a basket of different commodities, but yeah a move a way from a fiat currency to one that's actually backed by tangible material things.
Where have I heard this before…
Also the gold standard is notoriously unreliable and a terrible economic choice.
Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite.
Doubly so now that so much money is printed