Going back to a gold standard will limit the money supply. This means that there will be less capital for building $thing.
A gold standard means that when the economy gets overheated it pops, then contracts and you get deflation. This makes crashes last longer and harder. It requires greater fiscal discipline to overcome.
The problem with the USA "empire" is that for a trading empire to work you need a plan, and stick to it.
China has been quietly debt trapping a whole bunch of nations that have strategic things they need. They have been investing in infra and leasing it back to the host country. That takes planning, money vision and time. Something neither the president or congress have the ability to do.
The USA in the 40/50s played a blinder, neatly using war debt and the martial plan to usurp the exhausted british empire's trading power. The dollar became the global reserve and all of the new global institutions were setup and housed in the USA.
A gold standard means that when the economy gets overheated it pops, then contracts and you get deflation. This makes crashes last longer and harder. It requires greater fiscal discipline to overcome.
The problem with the USA "empire" is that for a trading empire to work you need a plan, and stick to it.
China has been quietly debt trapping a whole bunch of nations that have strategic things they need. They have been investing in infra and leasing it back to the host country. That takes planning, money vision and time. Something neither the president or congress have the ability to do.
The USA in the 40/50s played a blinder, neatly using war debt and the martial plan to usurp the exhausted british empire's trading power. The dollar became the global reserve and all of the new global institutions were setup and housed in the USA.