How about measuring the GDP of the nations in terms of Tons of Gold? This will solve the issue of depreciating /appreciating currencies vis a vis Dollar. It may have meant some sense in the past - but going forward, we can adopt the gold measure.
RE:How about measuring the GDP in Tons of Gold!!
by Ajay on Jun 20, 2007 07:30 AM Permalink
Another problem is it restrict the total money supply you can have. So ifyuor country ahs gold worth 10 Bn that's all the money you will have? it was Ok till 1960s and today it is too little.
