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Contradiction of The Gold Standard | The Twilight of Gold Series | Episode 4 (WiM142)
The "What is Money?" Show
The Stock to Flow Ratio Is the Most Durable Good Ever Created
The holders of old money have a disproportionate influence on the purchasing power. The coin is the most durable its information, so it's the most durable good ever created. So assuming infinite durability and an infinite stock to flow ratio, it means that the possessors have the ultimate ability to filter and intervene dictate the pricing of the good. And the people who create the new units have almost no ability to dictate the pricing.
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