Fair enough.
And this is where it gets messy. Is "value" defined in fiat currency the same as "value" defined in gold? It's messy because that is next week's major topic. Some economists would agree, but others would not.
(I'm already getting heat for spoilers, so I guess I should quit while I'm ahead.)
I don’t think we have to be spoilers to answer this. Fransico, in the money speech, pretty clearly says that currency is not an appropriate representation of value because it has nothing of real value behind it as gold does.
I would have to agree with that... especially as Dear Leader cranks the printing presses to warp speed 4.
Publius, at the risk of making things even messier, how would a gold standard compare to a barter system?
Isn't the fact that some nations are richer in gold deposits an arbitrary selector of wealth?