No new currency enjoys a stable value against the dollar unless it's in some way pegged to it.
Just because a currency is not stable in value at first doesn't mean it won't stabilize.
Further, we seem to be talking past each other. I'm thinking more along the lines of the amount in circulation and how if a currency like BTC was in use, we wouldn't have inflation and likely much more stable pricing.
I know the Keynesian arguments for inflation about people never spending their store of value if it's not inflationary, but you have to realize we also live under a Keynesian government, are educated by Keynesian economists in schools subsidized by the Keynesian government.
There are plenty of good arguments for hard money, but they aren't backed by the current monopoly of force as it doesn't provide them with a source of extra dollars.
Just because a currency is not stable in value at first doesn't mean it won't stabilize.
Further, we seem to be talking past each other. I'm thinking more along the lines of the amount in circulation and how if a currency like BTC was in use, we wouldn't have inflation and likely much more stable pricing.
I know the Keynesian arguments for inflation about people never spending their store of value if it's not inflationary, but you have to realize we also live under a Keynesian government, are educated by Keynesian economists in schools subsidized by the Keynesian government.
There are plenty of good arguments for hard money, but they aren't backed by the current monopoly of force as it doesn't provide them with a source of extra dollars.
See https://mises.org/library/did-framers-favor-hard-money
https://saifedean.com/thebitcoinstandard/
For some alternative opinions from outside our bubble.