Comment by clates

> Is there evidence for this?

A simple and logical pattern.

1) Unconstrained spending without commensurate taxation leads to a required inflation of the money supply

2) An inflation of the money supply with increase the price of assets relative to the value of the currency.

3) Asset owners thus become "more valuable" by measure of currency.

4) Renters / non-asset-owners have to eat the costs of inflation while benefiting by none of the inflationary pressure on assets.

ergo - a gold standard is just a proxy for "constraints on debt" is a force that acts against inequality between asset owners and non-asset owners.