Explain to an idiot the benefits of going back to the Gold standard

[PLOlover]

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You're still ignoring the immediate real world impact on consumer spending. What are these "good businesses" in a deflationary economy with no consumers spending any money?

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what's the difference between people "investing" their money in stocks, etc, to keep their savings from being eroded by inflation, and people saving hard currency like gold under their mattresses because it will keep it's value,

other than who is in control of the asset?

I mean, in either case, the consumer is not "spending" it.