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dubbub :windmill_of_friendship: ☦️ (dubbub@poa.st)'s status on Thursday, 22-Aug-2024 02:50:29 JSTdubbub :windmill_of_friendship: ☦️ @EvilSandmich @brigrammer @TrevorGoodchild @Hertz @BattleDwarfGimli @PraxisOfEvil @sickburnbro No, it's the other way around. The gold standard protects you from bad government, because it guarantees that the value of your money cannot be depreciated.
With fiat you rely on the government being good, and that it will depreciate your money in your interest (by building schools, roads, etc.).