Gold Backed Money

inflation is probably bad.

seems like gold backed money is a good thing. if there are N atoms of gold on earth, and N is pretty much constant, that gives us a good way to keep a certain number of thingies to trade with. they can't really be counterfeited (reasonably) because it costs more to make a gold atom that the atom is worth. i do wonder a bit: what would if there were globally not enough gold atoms or too many... i'm not sure if that would create practical problems.

also, i think that if banks made gold atoms loans, they could still create a form of inflation by allowing people to borrow more atoms than actually exist - i'm pretty sure banks do that with dollars.

anyway, it doesn't matter that much. savings can be kept in gold.

but in any case, i don't like the government's policy of maintaining inflation - it's similar to stealing a small percentage of money from everybody on a regular basis.