I was having a debate with a friend. He said he doesn't see a way off of the FIAT banking system.
That if we goto a gold standard. That would limit the supply of money.
And that would hurt us.
What are your thoughts on this?
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BTW, read up on the objections people had to ending Slavery in the South. OMG the world was going to f*cking end! Any entrenched system that benefits one group at the expense of others (and which has become normalized and propagandized into an Important Part of Society) makes a LOT of people go crazy at the thought of changing it.
Moving back to HONEST MONEY would break a lot of BAD and corrupt institutions but when the dust settles, honest people will greatly benefit.
Imagine no more $trillions for needless aggressive war, no more $trillions for the Deep State to subjugate us with, no more $trillions being created out of thin air to shrink the value of our every dollar. Imagine prices going DOWN gradually over time, as happened in the first hundred+ years [for the most part] of our history.
That's what happens with a gold standard. There are better and less-good ways to implement such a standard, but as long as it's not fiat, it beats the heck out of what we have now.