Quote Originally Posted by JinXy View Post
It doesn't when the population is not informed. Governments will always find ways around the system. But while the gold standard lasts, there was fiscal restrain on the government.
Except there wasn't. Governments had no problem driving nations into ruinous debt when the currency was actualy made of gold, let alone just being tied to some paper and then fractionally reserved.

value has gone up from $250 to $1330. Or if you want to go back further, it was originally at $20 and $35. What does that prove?
Only that gold is a faith based commodity the same as paper. Lashing one to the back of the other does nothing.