OK it's late, I finally got the toddler down (my wife is out of town so I'm on full-time Daddy Day Care mode), and I just cracked open a cool one. So maybe this is D-U-M dumb. But...
I think most Austro-libertarians believe that with a sound money, let's say 100% gold standard, prices should fall gently over time.
So does that mean gold gets more expensive year after year, compared to CPI basket? Doesn't that violate Julian Simon's general view of the world? What about industrial operations that require gold as an input? Would they do better under a silver standard?
I imagine I'm making some elementary mistake here; obviously Julian Simon wasn't saying that the relative prices of all goods goes down year after year, since that is impossible.
But on the other hand, something isn't quite clicking here.