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  Benjamin Davies commented on idea #4145.

Wiener says the dollar can go up or down in value (usually down; prices usually rise).

He suggests that, due to this volatility, measuring the value of something in dollars is like measuring the width of a physical object using a rubber band. He implies that this measurement is unreliable and arbitrary because you can ‘stretch’ it just like a rubber band.

He concludes that we should measure the value of something in ounces of gold instead.

Am I understanding Wiener correctly?

#4145·Dennis Hackethal, 4 days ago