One quite common statement among the Austrianish horde is something along the lines of “It’s ridiculous to imagine that you can create real wealth by printing more pieces of paper.
Well, it may be ridiculous, but it’s also true, under certain conditions — namely, when the economy is suffering from inadequate demand."
And below is a link to the world's smallest macro model taken from real life which explains a lot about money and its relationship with the real world. It is called the Capitol Hill Babysitting Co-op model. It also explains why the chances of the gold standard being reintroduced are very small.
