| > Your money, believe it or not, is gold Ahahahha. Let me teach you something: you know this interesting factoid that everything that you've know as a child appears to be obvious whereas everything that comes after is regarded as being somewhat unnatural (in good or in bad though)? Well that's exactly how this idea of gold being the money was born: gold as the money standard is a pretty recent idea, it only took of in the late 19th century[0], when bimetallism (gold + silver, which had been ubiquitous for hundreds of years[1]) died because of the massive improvement in silver extraction capacity (thanks industrial revolution, yet another good ol' thing you destroyed!). But lots of folks grew up during the short period of time where the gold standard had existed, and then it appeared to some of them that “money equals gold” was obvious and everything that came after was bad. But the truth is, money is whatever people use to pay stuff, although it's better if it can be stored in some fashion for a certain time without losing all value (that's why overinflation is bad, even though people routinely live fine with low double digit inflation). (Also, everything else I read from your comment is QAnnon-level of “dude WTF”… I quited reading after too many yikes, sorry) If you really want to learn stuff about money, free from contemporary ideologies, you should go read Allynn Young, he's from a century ago and he talks brilliantly about the history of money in the US before the Fed was created. And, spoiler alert, it's not the kind of “rosy sound money” fantasy: it was a bloody mess. But you can also keep parroting conspiracy theories if that's your thing, who am I to judge. [0]: though most money was debt-based fiat already, but at least there was some kind of pegging. [1]: even then, the metal itself was only really used for international trade, for domestic trade the face value was commonly used, and debasement was routine) |