This shifts wealth to those people who hold cash, a non-productive asset.
This increase real interest rates, deterring investments in productive assets.
I followed your line of reasoning until that last line. If you assume this cash is held in a bank, then these dollars are still lendable (even multiple times over, if you assume we haven't also done away with fractional reserve, along with this presumed return to a gold standard.) Or, are you assuming that these wealthy people are squirreling all their gold-backed currency away under their mattresses?
There are 10 kinds of people in the world. Those who understand binary and those who don't.
That joke ceased being funny, 10 years ago...
Personally, I think automatic gearboxes are pointless if you're healthy and not somehow disabled.
Do you have any idea how hard it is to hold onto the steering wheel, work the clutch, talk on the phone, eat a messy taco, *and* have to shift gears manually? Do you *want* me to get in an accident, or something?
Compressed air heats up and you need that heat to stay in the tank or you lose the energy.
Can you explain how that is a net loss, if all your power generation relies upon is the PSI? I do understand that air heats when compressed. But it also chills when decompressed, causing the heat that it released earlier to be sucked back in to the system.
Shoe the children with no shoes on their feet.
Or, you can claim this was a 'whoosh' moment.
I judge a religion as being good or bad based on whether its adherents become better people as a result of practicing it. - Joe Mullally, computer salesman