[SauronOfMordor]

For politicians, the problem with having a currency “pegged” to gold, or any other commodities, is that what it really means is that you are no longer allowed to just print money. It puts a limit on what government can spend.

Politicians don’t like that.

[Toddsterpatriot]

For politicians, the problem with having a currency “pegged” to gold, or any other commodities, is that what it really means is that you are no longer allowed to just print money.

How does the peg limit the printing?