Quote Originally Posted by gaelic cowboy View Post
it's a fact that rigidly sticking to a universal standard at a time of economic weakness lengthened the recession.
A fact? Highly debatable at best.


but that's the point you couldn't devalue it as it would be worth X gold, instead you would have to stop money creation through high interest rates and you would need to deflate the economy instead.
Something's gotta give. If the currency is to be static, the printing presses must be stopped.