| | Doug, working at the phone company, a customer once complained to me that people were calling her and then hanging up, and she told me she didn't want people to be able to hang up on her. So I asked her if she wanted me to stop people from being able to hang up on her before they called her, or after they called her. She said that didn't make any sense. I said "exactly."
If you are under the Obama-in-China style impression that the relative value of the currency is divorced from the vitality of the economy then you don't understand economics. Having a gold-backed currency alone does not "do" anything. But the confidence people would have in a gold-backed currency would cause investment in the US economy to skyrocket, and, since when foreigners invest in our economy they do so by selling their currencies and buying ours, the value of our dollar relative to fiat currencies to do the same.
Since you phrased your question in terms of currencies and stability, and not economies, I answered you in terms of currencies, and not economies. But they are related just as genuinely as are temperature, volume and pressure in the gas laws you remember from high school chemistry.
You might want to take back your "ha" and ask for a refund.
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