> Can somebody explain to me how this theory/ideology works?
> I know the idea is that currency should be tied to something
> physical and tangible -- but why? And why gold of all things?
It prevents governments from just printing and spending money, the real cause of inflation. The US dollar was originally about an ounce of silver. Last I looked, silver was over $10/ounce.
-- Sandy Harris, Quanzhou, Fujian, China