Balderdash

Gold Standard and the Definition of Price Stability

this idea is quite silly. productive, growing assets should go up in price absent inflation as their productive capacity increases. that means the fed would have to differentiate which is a productive asset vs a speculative asset (i.e. a tech stock with no earnings vs an oil field or factory)

now i agree that housing should be in the CPI, since it isn't a productive asset, just a large consumable.

the problem is that money arises naturally as a medium of exchange, not as a government declaration. gold standard or otherwise. any attempt to legislate or control the medium of exhange results in distaster.