The Keynesian and Marxist economists have argued relentlessly for money which is controlled by a centralized entity on the premise that currency backed by gold suffers too much volatility and deflationary risks. Notice the stability of the price of gold and its value in dollars before the 1920s which is when FDR began to undermine gold as the store of value. 1971- present (The age of complete Federal Reserve control) does not exactly reek of " price stability". Even a hairless chimp like me can see that.
I've got it- Let's print more money; that's the ticket!
Source: kitco.com
