[nine_k]

Look, there was a gold-pegged currency without any digital equivalent, all in the form of untraceable cash. It was, for instance, the US dollar as late as 50 years ago. Back in 1950s people in the US were economically secure at currently unbelievable levels. Or, say, 100-120 years ago the US experienced colossal economic growth, while levels of inequality were lower than today's.

I would rather posit that central banks doing monetary policy tricks with fiat money are increasing inequality and give rise to crazy and detrimental financial schemes.

I agree about the big guns, though.

[seibelj]

Statists forget that insane monetary policy and extreme wealth inequality happened under their own fiat banking system. We are in a debt-based world where savers are punished for trying to improve their lives. It’s absurd.