Yes, and nothing other than congress is stopping us from going back or doing an equivalent resource backed currency.
Did you know that the reason we have more taxes than under the gold standard is because infinite inflation from borrowing still requires government wealth redistribution to “make line go up” in the economy and that’s why we constantly write off corporate taxes while increasing payroll taxes?
The gold window isn’t gone. This isn’t some magical thing that can’t be undone.
“Did you know we left the gold standard?!”
Yes, and nothing other than congress is stopping us from going back or doing an equivalent resource backed currency.
Did you know that the reason we have more taxes than under the gold standard is because infinite inflation from borrowing still requires government wealth redistribution to “make line go up” in the economy and that’s why we constantly write off corporate taxes while increasing payroll taxes?