Peg the currency to a sheaf of commodities. If $1 always = 1 lb of wheat = 12 eggs = .5 lb ground beef = 5 lbs of refined steel = 1/4 gallon of milk......
Prices can fluctuate a bit but the aggregate must always be within a certain percentage of the initial value.
Peg the currency to a sheaf of commodities. If $1 always = 1 lb of wheat = 12 eggs = .5 lb ground beef = 5 lbs of refined steel = 1/4 gallon of milk......
Prices can fluctuate a bit but the aggregate must always be within a certain percentage of the initial value.
Also, end fractional reserve lending.