Fourth Spirit Stone Financial Crisis

Any currency that is endorsed in kind, regardless of the gold standard or the spirit stone standard, has the fatal flaw that the money supply cannot be adjusted autonomously, and the financial crisis must be triggered by the mismatch between the supply and demand of money. Credit currency is not a one-time-for-all, the problem is not the currency itself, but the distribution of the cultivation society. ”

——Excerpted from the autobiography of Yang Lu, the fifth president of the Spirit Stone Reserve Bank in Kyushu, “The Eve of the Fourth Spirit Stone Financial Crisis”