The fundamental value of money is exactly the curse of Genesis - work. Without the skills and knowledge of human work force, even gold is worthless.
If the value of all the work performed in the country per year is $100T(hypothetically), but the money supply including any gold or commodity used as currency reflects only $80T, there would be a shortfall of $20T in reflecting the actual economic value of US sweat and blood. That short fall would constrict the flow of economic transactions. It would be like a hospital with 200 patients but only 160 beds.
Gold loving "conservatives" would demand the hospital to not acquire that extra 40 beds needed, because that would devalue the patient per bed value of each bed. Their selfish laziness to avoid work would prefer the hospital to reduce the bed count to 100, so as to increase the value of the beds. They would lament and reminisce about the good old days, when there used to be only 50 beds in the hospital. They would say that the hospital should have kept the bed count at 50, regardless of the increase in population of the town and hence increase in patients, to allow their investments in the value per bed to increase.
In order to serve the economic flow of the collective workforce properly, we would need to expand money supply. Which would probably disrupt the stability of the activities of gold - but that is a collateral damage in the interest of a larger goal. But gold loving "conservatives" are too selfish and prefer gambling on the value of gold and selfishly seek to constrict the economy to stabilise their gold activity rather than the stability of the economy on the whole. After all, they remember Jesus saying, pray not for the world, but for yourselves - focus on your own misplaced needs.
Such "conservatives" ignore the commandment (there are actually more than 10 commandments) to celebrate the Sabbath of Sabbaths (which is the Jubilee) - because the Jubilee requires resetting the value of money and make all the manna they had illegitimately collected worthless.
Such "conservatives" ignore the commandment (there are actually more than 10 commandments) to celebrate the Sabbath of Sabbaths (which is the Jubilee) - because the Jubilee requires resetting the value of money and make all the manna they had illegitimately collected worthless.
