Good decision.
It was one of things Cain wanted.
yes
Mine is an honest question - why is a gold standard a good idea?
I get that tying a currency to a real commodity imparts natural value and forces more immediate inflation/deflation economic responses with regard to the currency value. That can be good or bad, particularly good if it limits the speed the printing presses run. Potentially bad if a situation requires short term debt to resolve (e.g., funding WWII).
But why gold? Why not multiple precious metals or materials? Why not high quality steel? Why not grains?
I need educated on how picking a specific metal as a standard is a good idea economically. Why not Rhodium, or platinum, etc.?