So first off, the unrest in HK has fuck all to do with wealth inequality and everything to do with a bunch of people not wanting to live under a dictatorship. So WTF that comment has to do with the subject at hand who knows? Grabbing some arbitrary current event and using it for justification for a position that has nothing to do with that event isn't the most powerful of persuasive techniques unless you're conversing with morons.
Who decides we use gold as opposed to any other mineral or object? That's either an arbitrary decision you make or it's made by the political appointees at the Fed who were appointed by the elected officials we all elected and therefore have some control over and who, by the way, have a modicum of macro econ background. Between those two I'm sorry but I'm not going to go with your arbitrary choice. Who decides how many dollars to an ounce of gold? Again, someone has to do it and they'll do so at last as arbitrarily but probably more so than the immense amount of data that is currently analyzed to determine monetary policy. And what does "stable" mean? First off, unless you're carrying it around and shaving off bits to pay for shit it's always subject to the "arbitrary" value vis a vis a currency. And that doesn't even begin to address the completely arbitrary way in which the gold money supply is expanded. Big gold find, we all get money that's worth less, regardless of what's going on in the greater world economy. No gold finds for a while while the number of people grow and the economy grows...too bad on that, no growth for you till we find more gold.
Seriously, have you taken a single macro class or even given more than a minute's serious thought to this subject, because what your saying isn't even internally consistent let alone rational from a macro point of view.
