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how do you explain the development of businesses and technology...

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153 Posts.

8

14/12/19

11:44

Post #: 41967726
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Originally posted by Dr.Who: ↑

Really Bull!

Let's imagine your world of gold as money. I have a brilliant idea to develop a life changing product but need capital to see me through the next decade of development. How are you going to suddenly find xxx of gold to loan me to grow my idea. Or, a structural change in an economy the government needs to assist transition people into new industries - it needs capital to do this - where is this extra gold going to come from?

There is not one educated piece that Doc has read that clearly and unequivocally explains how a world tied to gold will grow and support pockets of the economy through structural change. It would be a noose round the neck of business and communities.

Don't worry though, a gold noose won't happen, the world is moving down the path of digital transactions - it is largely there in many aspects. Technology that is the future not a metal.

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how do you explain the development of businesses and technology under a gold standard if there was no capital , as you state, to
facilitate that development
2 Upvote

0 Great analysis

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