[Analysis of the Economic Impact of Gold Standard Summary]
Summary: The Tear Between Ideal Solutions and Harsh Realities
A fixed amount of gold can theoretically constrain the reckless issuance of currency (for example, the dollar has depreciated by 98% over 50 years), but human dependence on 'flexible power' makes it difficult to sustain. The choice of human society ultimately comes down to choosing a crisis: either the crisis of depreciation of fiat currency or the suffocation crisis of the gold standard. The current 'partial return of gold currency attributes' (such as central banks increasing holdings and collateral functions) may be a compromise path, but a comprehensive anchoring will trigger systemic shocks, which must be approached with caution.