From my understanding, remove from the gold standard just allows government to arbitrarily make up the value of the now fiat currency, which is why we now struggle with inflation and soaring debt.
It seems obvious that you’d want your dollar to theoretically be fixed to another medium with a readily appraisable value simply to maintain stability and prevent government corruption through manipulation of the monetary supply.
But then again, I’m no economist.
In: Economics
we don’t struggle with inflation. The “high inflation” of the last 2-3 years wouldn’t even be average if you looked back at the late 60s through early 90s.
Inflation/deflation happens regardless of the type of money system. fiat currency just allows control of the money supply as others have said which is a tool to control it.
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