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>> No.20791523 [View]
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20791523

I know going back to a gold/silver standard would be amazingly beneficial for the economy and mankind in general, but I'm still apprehensive on the whole thing because it would raise the price of gold and silver and these elements are used in technology and manufacturing.
So the price of everything else would get cheaper but products that use gold and silver would get incredibly expensive.
Wouldn't it be better if we used something else(like crypto for example) instead of gold/silver so we can still get the benefits of a deflationary free banking system but without having to sacrifice gold/silver in manufacturing?
Is there something I'm getting wrong? Any Austrian economists want to comment?
pls no bully

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