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?
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?