That’s the opposite of stability unless you have an entirely static economy with no growth.
Adopting an extremely deflationary asset as a “currency” is one way to get the no growth part I suppose. It certainly wouldn’t be stable.
We’ve (well some, anyway..) learnt that lesson with the gold standard and permanent boom and bust cycles prior to the 1930s. It was anything but stable in the short/medium term.
That’s the opposite of stability unless you have an entirely static economy with no growth.
Adopting an extremely deflationary asset as a “currency” is one way to get the no growth part I suppose. It certainly wouldn’t be stable.
We’ve (well some, anyway..) learnt that lesson with the gold standard and permanent boom and bust cycles prior to the 1930s. It was anything but stable in the short/medium term.