>>5978892 (lb)
this logic fails
Gold standard and Marxism have the same goals
Assume under gold standard
Wheat was selling for x ounces of gold and then a drought hits and the demand stayed the same. Will the price stay at x? Or would it move up to y to fulfill the demand and decreased supply?
There are 3 sides to inflation
Recommend Martin Armstrong for everyone who has the gold fever.
>https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-standard-nonsense-compelling-us-to-repeat-history/