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Guy 1 week ago
Thank you, I see. I think the Fed was targeting 2% inflation for a while, so there's an easy answer for them. Ditch the counterfeiting and use gold specie. Digging gold out of the ground or mining it from an asteroid is a different kind of "inflation" than that of "inflation" done by central banks, though. It's honest work. No doubt it increases the supply of gold above ground but is doing so from the limited supply granted by nature or nature's God, and as you mentioned occurs when it is economically viable. Whether we are anywhere close to having all the gold in the universe "above ground" there is in fact a limited supply. We don't have to know the numbers to know that it is a better and more honest money than government money or even bitcoin.