alt Hacker News>> Rather, what we need to do is to calibrate the physical economy such that we can benchmark the monetary against the material. This enables us to avoid the futility of measuring the monetary only against itself.
Garden-variety Gold Standard quackery.
Replies
avs733 • today at 7:30 PM
I kept having my bad vibes meter triggered by the italics so thanks for making the connection for me.
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fragmede • today at 7:37 PM
That may be 100% true, but the market can remain irrational longer than you can remain solvent, and in this case, gold has been doing awkwardly well under current conditions.
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Wait, it's not obvious to me why this is quackery?