1 min readJan 1, 2020
Even the gold standard can be manipulated, so it’s not a cure-all. Allowing and supporting currency competition would incentivize the keepers of the dollar to manage their policies more conservatively. Also, this would allow more people to be diversified if a dollar crash were to occur. Others stores of value (gold, bitcoin) vary wildly and would be mostly be a hedge against the dollar dropping unless they are easier to use as a liquid asset.