/liberty/ - Liberty

>>94907

>Can we win against apoplithorismosphobia?

As long as you educate people, possibly. The nice thing about deflation is that, at least to the common man, it doesn't take a whole lot of convincing for them to realize that their money getting more valuable is a good thing; it's the Keynesians that need to use a bunch of mental gymnastics to say that the opposite is true.

>Will there ever be a country that will return to the gold standard?

As long as governments can convince their people to accept fiat money as legitimate they will never stop printing it.

What's wrong whit the Bretton Woods system?

>>94917

It doesn't have any real power to tie the supply of money to the supply of gold, seen by the great deal of inflation that still went on under it. Further, the money supply is still monopolistically controlled by the state, which allows the state to manipulate it. A centralized gold standard doesn't eliminate the possibility of currency devaluation, it just makes it more difficult.

>>94918

>not creating a supernational bank with an international currency tied to gold as was originally proposed before Harry Dexter White hijacked it to make the dollar the world standard

>>94927

>A centralized gold standard doesn't eliminate the possibility of currency devaluation, it just makes it more difficult.

>>94928

Wouldn't an institution to hold states accountable for currency manipulation instead of them being able to do it at will that caused the collapse of Bretton Woods still be a good idea?

>>94937

Wouldn't it make more sense for states to not be in the business of money making, instead of having one centralized, supranational institution that could easily be used to control and/or destroy the entire world?

>>94944

That would require states giving up their monopoly on the local use of force since as long as they have it they'll force money makers within their borders to comply with government policy.

>>94937

That institution would just become the currency manipulator. Just look at the UN and all the putrid shit that spills out of it, moving responsibility to an even higher state institution just removes the competition between states, and with it the last vestige of accountability there is.

>>94946

Right, so why would it make sense to give such power to a worldwide government?

>>94918

i dont know about that, back in the 17th century, states like the French minted silver coins that were actually billon coins (silver and copper), if not they would just mix the silver whit lead, also this only makes sense if gold is seen as something valuable, which might not make much sense in the future.

>>94987

>Hey, there's this institution that has this long history of getting horribly abused, destroys economies, and entire societies.

>Maybe it'll do better if it's centralized and globalized!

>>94986

Could gold still be used for electronics or by some metal workers?

>>95419

Correct me if I'm wrong, but didn't gold use to only have numismatic value or value as a jewelry, and only now has it found actual industrial use?

>>94986

>this only makes sense if gold is seen as something valuable

Gold doesn't need to have "use value" to be considered valuable, as value is inherently subjective. For most of human history gold's only redeeming feature was "ooh, shiny!", combined with its comparative rarity.

>>94907

Gold is a meme.

Crypto's where it's at.

>>95424

>>95425

most noble metals are can be used for cooking, cookery and related stuff, since clear glass was a luxury until 17th century whit coal the coal, cups and other containers that didnt reacted whit the wine or other beverage needed to be made of bronze (i guess this gives a cooperish taste), silver or gold. Clay absorbs the liquids so it rots later.

Also remember that cooper coinage was used, and cooper was mostly used for commodity goods before the industrial revolution.

>>94907

Will there ever be a country that will return to the gold standard?

Russia

>>95464

Nigga, never go full retard.

>>95474

>>95479

>>95483

>>96029

Here's a question, how do you prevent a state of any kind with a monopoly on the use of force from engaging in financial corruption? Does being a massive scam justify its overthrow if it hasn't done anything to oppress its citizens with force?

>>96051

>Should you punish a scammer if he didn't murder you yet

Yes? Is there any other answer?

>>96052

but the scammer says he's protecting you

>>96051

Everything has been done with force. Being a scam is irrelevant.