re: #450 Killian Bundy

Money supply under the Federal Reserve expands and contracts over time.

How would a private “commodity” monetary standard stop our government from borrowing and going into debt?

It wouldn’t. But it would make the size and scope of the deficits crystal-clear. It would distribute the consequences of that borrowing contractually, instead of collectively. People would still know how much real money they have in the bank, its actual worth, and could plan for the future with far fewer uncertainties involved. There would be no arbitrary redistributions of wealth. There would be fewer and smaller bubbles, lower levereging, greater financial stability.