I've been thinking the last few days about the possibility of returning to the gold standard [Paper money is backed by and is exchangeable with gold]. I've come across several advantages (Inflation dramatically reduced, if any at all) and disadvantages (nations concern more about mining gold than producing technology and whatnot).
I'd like to see what opinions you might have on this.
Thats never gonna happen. Since the federal reserve pretty much controls our economy and government, and they don't want it, then there is no chance of returning.
The federal reserve can make instant inflation, and they are not gonna give that up.
The Gold Standard
