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A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.(thechinaacademy.org)

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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
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ᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193@lemmygrad.ml
5 points

redeemable and anchored to real goods

So basically they want the gold standard back?

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ComradeSalad@lemmygrad.ml
6 points

Where have I heard this before…

Also the gold standard is notoriously unreliable and a terrible economic choice.

Also if your system is supported by the Austrian school of thought free market economists then you’d be much safer just doing the opposite.

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ᜐ᜔ᜉᜍ᜔ᜆᜈ᜔ ᜇ᜔ᜌᜓ︀-193@lemmygrad.ml
5 points

gold standard is notoriously unreliable and a terrible economic choice.

Doubly so now that so much money is printed

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☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
12 points

More of a basket of different commodities, but yeah a move a way from a fiat currency to one that’s actually backed by tangible material things.

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