I'm a libertarian, and I think you've got an interesting question there. Libertarianism was developed when technology wasn't changing as fast as it is now, and the gold standard is a solution to a real problem of serious inflation.
I've still not sure it makes sense that people need to be fooled(?) into making sensible purchases and investments though mild inflation.
However, cheap oil does support the cornucopean hythpothesis, and it didn't take a libertarian society-- just modern tech and governments that aren't extremely oppressive.
Anyway, I don't know if there's a libertarian consensus about gold these days, or whether an electronic currency is a reasonable substitute.
Before the big drop in the price of oil, I saw people doubting peak oil (the idea was that exploration is regulating by the expectation of returns, so it wasn't going to look as though there was more than 30 years worth of oil), but I didn't see anyone predicting cheap oil. Has anyone seen that sort of prediction?
Incidentally, there's oil from shale in Atlas Shrugged-- with no hint of what tech would be needed to get the oil out.
Libertarianism was developed when technology wasn't changing as fast as it is now, and the gold standard is a solution to a real problem of serious inflation.
When do you consider libertarianism to have been developed? I think of libertarianism (in the modern American sense) as originating around the early 20th century with HL Mencken and Albert Jay Nock. If anything that seems to be near the historical peak of technological progress.
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