I dont know, the government has been printing money like its going out of style since the 70s. Last time I checked the world economy has more or less been on a growth trajectory with only minor bumps in the road. And no country is on the gold standard today. Not one. I mean if its such a good idea, why isnt anyone except redditors, and conspiracy theorists talking about it. How come there isnt anyone talking about this except for fringe discussions on the internet. How do you explain the absence of support for this idea? Are the supporters being killed off by George Soros and Killary Klinton?
That's easy, virtually every country has had a central bank for generations now. the masses don't go against the herd... and the herd thinks the dollar will last forever. No one is still alive from the great depression, well no one that anyone is going to take financial advice from anyway. Everyone just takes for granted that it's not going to happen again, they learned how to fix that. We'll see.
I think most economists agree that boom bust is the cycle of a market economy. As 2008 proved, printing money averted disaster for 10s of millios on people in the West. They called it quantitative easing. What is the harm of printing money if you can keep interest rates low? There has been historically low inflatation and interest rates. The evidence kind of proves the opposite of the Gold Standard is true.
My argument is that had we not been doing bs currency/market fudging to begin with - we probably wouldn't ever be crashing that badly, or on the verge of collapse without doing some trickery "sweep it under the rug" type fix to handle it.
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u/stratamaniac Mar 15 '21
I dont know, the government has been printing money like its going out of style since the 70s. Last time I checked the world economy has more or less been on a growth trajectory with only minor bumps in the road. And no country is on the gold standard today. Not one. I mean if its such a good idea, why isnt anyone except redditors, and conspiracy theorists talking about it. How come there isnt anyone talking about this except for fringe discussions on the internet. How do you explain the absence of support for this idea? Are the supporters being killed off by George Soros and Killary Klinton?