The representation of relative strength between economies is fairly straightforward: the price of gold.
When the USD was based on gold, an ounce remained the same price ($30-ish) for a long time. I don't know if you lived through the inflation of the 70's, but the quality of everything made in the US declined. Even the quality of recordings in the music industry declined. This inflation hadn't occurred until we got off the gold standard.
I'm not defending a gold standard, neither am I saying that fiat currency is necessarily bad. It has worked at times. But we can't fix this election and restore a Constitutional government without addressing this issue, since it revolves around the creation and control of our currency. I don't know the best solution. Just wondering if you have ideas.
I have seen some people say that North Dakota has this figured out. I don't know the first thing about that.
The representation of relative strength between economies is fairly straightforward: the price of gold.
When the USD was based on gold, an ounce remained the same price ($30-ish) for a long time. I don't know if you lived through the inflation of the 70's, but the quality of everything made in the US declined. Even the quality of recordings in the music industry declined. This inflation hadn't occurred until we got off the gold standard.
I'm not defending a gold standard, neither am I saying that fiat currency is necessarily bad. It has worked at times. But we can't fix this election and restore a Constitutional government without addressing this issue, since it revolves around the creation and control of our currency. I don't know the best solution. Just wondering if you have ideas.
I have seen some people say that North Dakota has this figured out. I don't know the first thing about that.