The gold standard kept inflation low not because of anything magical about gold but because new gold production grew only ~2-3% per year, structurally limiting money-supply growth; it failed only when politicians 'monkeyed' with it, and no one wants to return to it because it removes politicians' flexibility to gun the economy and buy votes.
causalpending
Speaker
Bill FleckensteinEvidence Quote
“the reason why the gold standard worked and kept inflation down was because it it never went too fast... the consequences from mistakes in monetary policy don't always show up right away”
Source
Bill Fleckenstein: We've Gone Past The Point Of No Return, Only An Epic Crisis Can Fix— The Julia La Roche ShowCreated: 6/18/2026, 1:58:45 PM
My Notes
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