Does the gold standard have any equivalents?

Economics Economics Questions
1

I was always wondering if just quiting printing money would be equivalent to the Gold Standard, since they both cap inflation; both policies can stop and start (Nixon ended the Gold Standard; and I think there would be enough U.S. bills floating around for circulation if strict Austrian Economics came into place.

Also, would quitting printing money permanently (like making a new amendment) be more convenient than restoring the Gold Standard?

But, maybe the gold standard does something other than end inflation, so that’s basically why I’m asking.

2

Well, there is no economic difference (so long as it was somehow possible to keep the fed from printing).

But there is an ethical difference - fiat money requires coercion - who would accept paper as money without legal tender laws?

3

Thanks=]

4

Whatever the results, the primary difference would be that gold could still be mined, so the gold supply would not be completely constant.

5

At one point Friedman suggested that Central Banks would just increase the money supply 3% every year. This would be probably a mucher better policy than what they do today, but totaly non-adaptive.

6

the economy would still suffer the cantilion effect and likely encourage malinvestments, and the 3% monetary inflation would be an inflation tax. taxes ain’t cool.