>The amounts of goods and services offered will vary. If a fixed amount of money chases a varying amount of goods and services the price paid for each good or service will have to vary I really don't see why this is concerning to be honest. Can you maybe provide an example? I feel this is somewhat of a crucial point for your argumentation and I don't see how it's so important, thanks Would you say that, hypothetically, if we were on a gold standard and, for whatever reason, no more gold were to be found for many decades, then the markets would have a hard time doing their thing?

Replies (1)

frphank's avatar
frphank 1 week ago
> >The amounts of goods and services offered will vary. If a fixed amount of money chases a varying amount of goods and services the price paid for each good or service will have to vary > I really don't see why this is concerning to be honest. Can you maybe provide an example? I feel this is somewhat of a crucial point for your argumentation and I don't see how it's so important, thanks Why are stable prices important? So you can plan financially? > Would you say that, hypothetically, if we were on a gold standard and, for whatever reason, no more gold were to be found for many decades, then the markets would have a hard time doing their thing? Yes. We'd have deflation and that'll trigger a massive recession.