Yea nothing is constant I know. Asking more like why don’t we measure the value of things with someone that holds its value better like gold? It’s physically scarce and cannot be manipulated because it’s verifiable at an atomic level, and will always be in demand.
I’m not saying we should have a gold standard again, there were obviously bad downsides. I’m questioning why we measure everything in money which loses its value over time due to inflation. Can’t we measure things in something that has a more stable value while also not having a gold standard?
Nothing has constant value
Yea nothing is constant I know. Asking more like why don’t we measure the value of things with someone that holds its value better like gold? It’s physically scarce and cannot be manipulated because it’s verifiable at an atomic level, and will always be in demand.
Everyone used to tie their money to gold. Not anymore.
https://www.npr.org/sections/money/2011/04/27/135604828/why-we-left-the-gold-standard
https://www.stlouisfed.org/open-vault/2017/november/why-us-no-longer-follows-gold-standard
I’m not saying we should have a gold standard again, there were obviously bad downsides. I’m questioning why we measure everything in money which loses its value over time due to inflation. Can’t we measure things in something that has a more stable value while also not having a gold standard?