[fortheDeclaration]

Return to the Gold Standard? Are you kidding? If you think inflation is bad now...imagine what it would be like if you earned $0.03/day as a professional. Ye gods.

The Gold standard (gold backed currency) would remove the Gov't from being able to inflate the money supply.

What you would be able to actually purchase would increase.

So, the issue isn't the amount on your pay check, but what can it actually buy.

[DugwayDuke]

“The Gold standard (gold backed currency) would remove the Gov’t from being able to inflate the money supply. What you would be able to actually purchase would increase.”

And how do you deal with a growing population? As the population grows with the money supply held constant, then the amount of money goes down on average. A ‘dollar’ might buy more but you’ll, on average, have fewer ‘dollars’.