Posted to Mish Shedlock’s blog in response to his advocacy for Gold as a monetary solution:

Gold will never work because it does not address the cost inflationary nature of technologically advanced commerce enforced by the flaw in cost accounting conventions (that is all costs must go into price even though the rate of flow of total costs exceeds the rate of flow of total individual incomes, i.e. cost inflation) and that is then enforced and exploited by the financial monopoly that does not/will not brook balancing competition for the creation of money as a gift.

I can certainly understand the frustration with the long term unstable history of the economy, but any strategy involving Gold is just another incomplete non-confront of the above reality no more stable than DSGE theory, Keynesian stimulus of whatever stripe or Austrian economics.