Comment by jcbrand
4 hours ago
Except that this is literally what Gold does.
The ratio of one ounce of gold to one productive beef cow has held for a hundred years, and plausibly for around 5,000 years.
A single ounce of gold could purchase a quality tunic, sandals, and belt in Ancient Rome and still buys a fine tailored suit in the modern era.
https://findbullionprices.com/blog/gold-purchasing-power-wha...
This would be more convincing if it wasn't from a site trying to sell me gold. Do people really believe that the mechanization of clothing production in the industrial era has made no difference to "real" prices?
(Rome definitely had inflation crises!)