re: #141 A hollow voice says, Beware the strongman con

I have to run, but I just wanted to mention that gold was usable as currency because it’s pretty, shiny, and had no other use (like gemstones). Well, except for gold teeth.

Of course, now that we’ve reached the Electronic Age, it suddenly has a use, which makes it even worse as a currency than it was before.

You need a currency where the supply reflects the economic activity of the society, and that’s definitely not true of precious metals. If you double the size of your economy, what do you do with a fixed supply of gold? In a modern society, where most money is “virtual” anyway, I wonder how gold would work.