this post was submitted on 12 Jun 2026
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Having a monetary trading unit is not the problem. Trading goods for goods is not always an option because you might need goods or services from someone who has no interest in the goods or services which you produce. The main problem is when this monetary trading unit inherently and intentionally devaluates over time. Therefore if we just used gold we would be far better off.
Gold makes no difference because it's the same as money. You need to make a profit of gold as well. It's the same as being a trader. They add nothing except inflate the price of things for the service of being a middleman. It's the exact same issue as money. And I know gold is a finite resource but it still doesn't change the fact that you need to make a profit in order to live.
This is exactly the purpose of money, from the start. It's something people attribute value onto, because it's pretty (gold, that is) and whatnot. But it has backfired.
I think what I'm actually saying is that we need to be more self-sufficient, and limit our need for trading at all.