You’re going to have to clue me in, to what it would be deflating?! The word is like a decibel, in that it needs some reference marker…
With the currency pegged to a standard, a penny would actually have more value, than it does now.
I disagree on your mortgage point. The whole reason for rebasing to a standard, is to avoid those issues. Where I think the rub is for most people, is they’d have to disavow themselves of the notion, that a property should go up in value.
