Maybe Lithium is the correct indicator of the real inflation ...
(media.greatawakening.win)
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Under Gold Standard inflation sometimes occured at a nominal rate of 2% - usually reflecting the productivity growth. There are times where it can be deflationary as well.
What does happen under Gold Standard is you wont see huge progress in the society. Many people consider this a negative thing, but if you consider the price we pay for the quick progress under fiat system, we are literally paying with the blood money of our future generations. So the only real objection to Gold Standard is not an objection at all.
So, sometimes inflates 2%, sometimes deflates 2%?
So it evens out long-term?
Sounds good to me.
Does not need to even out in long term. Inflation can happen even in Gold Backed currency as long as there is productivity growth - either increase in population, or increase in productivity of people or both. This is good because the inflation tracks the increased standard of living so an average person actually does not hurt due to this kind of inflation.
However there is nothing wrong with a society that has no productivity growth, has a stable population and lives without progress as long as they are mostly self sufficient.