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2026-05-06 23:27:02 CEST
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frphank on Nostr: > >The amounts of goods and services offered will vary. If a fixed amount of money ...

> >The amounts of goods and services offered will vary. If a fixed amount of money chases a varying amount of goods and services the price paid for each good or service will have to vary

> I really don't see why this is concerning to be honest. Can you maybe provide an example? I feel this is somewhat of a crucial point for your argumentation and I don't see how it's so important, thanks

Why are stable prices important? So you can plan financially?

> Would you say that, hypothetically, if we were on a gold standard and, for whatever reason, no more gold were to be found for many decades, then the markets would have a hard time doing their thing?

Yes. We'd have deflation and that'll trigger a massive recession.