The gold standard provided stability from "summary" of The Fiat Standard by Saifedean Ammous
The gold standard was a monetary system where the value of a country's currency was directly linked to a specific quantity of gold. This system provided a stable framework for economic activity because the supply of gold was limited and relatively constant. With a fixed amount of gold backing each unit of currency, there was a sense of security and predictability in the financial system. Under the gold standard, governments could not simply print more money to finance their spending, as they can with fiat currency. This constraint imposed discipline on monetary policy and prevented excessive inflation. The link between gold and currency helped to prevent the erosion of purchasing power over time, as the value of money was tied to a tang...
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