And only for the last 47 years has the world largely moved away from the gold standard.
It is easy to feel like we are on top of the world in 2018. Technology has never been better or more easily accessible. The standard of living is rapidly rising.
But does that mean we should dispense with 5,000 years of monetary policy which led us to where we are today?
Okay, but how do we get the financial system back on the gold standard?
That seems like a monumental task, which would require a critical mass of activists, a new strain of politician, and wresting control from the Federal Reserve… Good luck.
The cool thing is that the individual is more empowered than ever. So you don't have to get Big Brother to give you a gold standard. You can create your own personal gold reserve. And no, you don't have to put anything on the blockchain.