even a guy wiht 30% down an a 700 credit score might not be able to get a mortgage because a bank literally “runs out” of money to lend
Yep, the current system is so much better (sarcasm). Just print more “money”. That has never worked in history and won’t work much longer.
I’m not saying we should just indiscriminately print more money.
Just that the gold standard is not desireable unless you wish to return to the days of a few upperclass landowners being the only ones that can buy real estate, and only those already rich could ever get a business loan, etc...
When has it “never worked in history?” Source?