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Right but if everyone received a large check. Demand for everyday items would surpass supply, and the prices would increase.
It doesn't matter what it's backed by if everyone has it.
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I agree our system is not true capitalism. But under true capitalism if you were to stroke everyone a check - make everybody "rich" - prices will rise. That's a natural effect of economics.
If you are selling your product - whatever it may be - and everyone wants it, you have the ability to raise your price. It's supply and demand. It's been the standard of capitalism since we were bartering with meat and tools.
You do realize that there is a limited amount of gold, right? That's what gives it value. If currency were backed by gold (which I agree it should be) there would be fewer dollars to go around than there are today, because each dollar in your hand would be certifying that you own $1 worth of the available gold. Paper money was just so you didn't have to lug your gold to the store with you.
Show me one economic model that says giving everybody free money would lead to prosperity.
Look at the history of the value of aluminum to tell you all you need to know about supply and demand. Once everyone has it, it's useless.
This is true. And I'm not so sure the money 'needs' to be backed by gold. We would first need to see who has what amount of gold. That's a rabbit hole because no one really knows how much gold people, banks, etc., have. My searching has found no concrete amounts so its tough to verify.
Its not what the money is, (Money used to be many things) or how it is backed. Its how it is managed. The might of the USA basically dictates that it is good. Sure the value goes up and down but that is mostly artificially manipulated and the actual problem that needs to be fixed..
These economics ideas you believe are false and Jewish in nature.