A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.

☆ Yσɠƚԋσʂ ☆ · edit-2 3 months ago

ᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193 · 3 months ago

redeemable and anchored to real goods

So basically they want the gold standard back?

☆ Yσɠƚԋσʂ ☆ · 3 months ago

More of a basket of different commodities, but yeah a move a way from a fiat currency to one that’s actually backed by tangible material things.

ComradeSalad · 3 months ago

Where have I heard this before…

Also the gold standard is notoriously unreliable and a terrible economic choice.

Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite.

ᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193 · 3 months ago

gold standard is notoriously unreliable and a terrible economic choice.

Doubly so now that so much money is printed