Ya and floating currencies allow for economic growth in a much more natural manner. The gold standard actually put a massive artificial range on that. Currencies also follow supply and demand mostly based on economic health. Gold is a terrible measure of that
Growth comes from a lot more than deficient spending. Companies absolutely need credit to grow. The creates stability and on extreme circumstances liquidity. Credit liquidity is the basis of any modern economy. When it locks up you have another Great Depression on your hands. But yes let’s go against all the actual data and move back to an outdated and poor standard for our economy because as far as you can tell it’s good...
It's not so much going against the data, moreso spurning the thing the data points to. Infinite imaginary credit allowing unrestricted spending (=unrestricted taxation), near-total subjugation to lenders and enormous dependence on international markets is not a desirable thing to me. Business can grow fine with real credit as long as the rest of our policies are actually aiming for that.
Plus we had a gold standard for the rest of our history, the Great Depression only happened after geniuses got it in their heads one decade that they should start running their entire lives on credit and speculation.
Economic growth beyond the natural, healthy means of the native population is bad.
Ya and floating currencies allow for economic growth in a much more natural manner. The gold standard actually put a massive artificial range on that. Currencies also follow supply and demand mostly based on economic health. Gold is a terrible measure of that
Growth through deficit spending and stuff like that? What we've seen in the past ~100 years has been anything but natural as far as I can tell
Growth comes from a lot more than deficient spending. Companies absolutely need credit to grow. The creates stability and on extreme circumstances liquidity. Credit liquidity is the basis of any modern economy. When it locks up you have another Great Depression on your hands. But yes let’s go against all the actual data and move back to an outdated and poor standard for our economy because as far as you can tell it’s good...
It's not so much going against the data, moreso spurning the thing the data points to. Infinite imaginary credit allowing unrestricted spending (=unrestricted taxation), near-total subjugation to lenders and enormous dependence on international markets is not a desirable thing to me. Business can grow fine with real credit as long as the rest of our policies are actually aiming for that.
Plus we had a gold standard for the rest of our history, the Great Depression only happened after geniuses got it in their heads one decade that they should start running their entire lives on credit and speculation.