[jalapenos]

Well I mean this is the internet, where no comment is so absurd as to avoid confidently being made. But I'll bite.

So tell me: if an entity has to be able to repay its debt in gold, which it has limited stocks of, and can't get more without difficulty, how does that not limit their spending compared to if they can print bits of paper to repay their debt?

[panick21_]

Its simply if you think about it, because a country can just decide not to pay back the debt. Just as they can just print money. So a country like the US can simply build up a huge amount of debt, that it could pay back in theory, and then simply decide not to do it because its easier.

Both are a way to fuck over the people you owe money to.