US Politics on Yik Yak | The reason why the “gold standard” for money doesn’t necessarily work: The government can just say “no” or change the exchange rate, and they have. It is more resistant but ultimately you have to just trust govt to honor your curreency, same as fiat

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US Politics 19w

The reason why the “gold standard” for money doesn’t necessarily work: The government can just say “no” or change the exchange rate, and they have. It is more resistant but ultimately you have to just trust govt to honor your curreency, same as fiat

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Anonymous 19w

It definitely did lower the rate of inflation though on average !!

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