First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/11/22/the-feds-gold-standard-confusion-003638
<p><img src='https://www.moneymetals.com/uploads/content/The-Fed-s-Gold-Standard-Confusion-Money-Metals-Exchange-min--1-.jpg'/></p>The supply of money on the gold standard is governed by an automatic mechanism, whereas the supply money on a fiat system is governed by the central bank.