• shortwavesurfer@monero.town
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    2
    ·
    5 months ago

    But inflation doesn’t have to be a thing. Currentsies don’t have to inflate. Back in Rome, you could buy a tailored suit and a pair of shoes for a ounce of gold. Today, you can go by a tuxedo and a pair of shoes for an ounce of gold. So in terms of gold, the price of items has not changed significantly in a very, very long time.

    • jeffw@lemmy.worldOP
      link
      fedilink
      arrow-up
      3
      ·
      5 months ago

      Inflation does need to be a thing for a healthy economy. If we only used gold, things would stagnate.

      • shortwavesurfer@monero.town
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        2
        ·
        5 months ago

        That’s okay. Things will be purchased as they are needed. It’s not like because we used gold. I wouldn’t need toilet paper or a new laptop or a new phone. I would still need to purchase those things at some point. It would improve lending practices as well because people wouldn’t be lending trying to outpace inflation with a return. They would lend less, for sure, but people would also save money more so they would need fewer loans.