Spot on. One of the greatest fallacies out there (sometimes propagated even by sound-money economists) is that "money is like a ruler that serves as a measurement of value". No such thing exists, nor ever will.https://twitter.com/NickSzabo4/status/1099781274036711424 …
-
Emphasis on "caustions and caveats". I'd rather use "gold and silver were historically the most stable goods for pricing" than "ruler", as the latter entails the notion of fixed and objective measurement.
Yes, it's really only useful for economic historians, since there was nothing that came closer. Think of it as a toddler's rubber play ruler. :-)
![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
