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Gold can be divided into miniscule increments. The "we don't have enough" argument is absurd on the face of it. Theoretically, one ounce of gold would be "enough." Certainly, 10,000 ounces would be. And there's a lot more than...
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gfitzy123: So, our class erupted into a gold-standard discussion the other day, and being an Austrian-leaning student myself, couldn't find an rebutal to my professor's arguement against the gold standard. A good source about gold is the article...
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On the issue of 'central planning': A civil government has to define what 'store of value' it accepts as legal payment for taxes/fines/etc, so it has to be involved at least that far. It wouldn't need to be involved in any 'planning'...