How important is the study of Economics?

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Anybody who seriously argues that gold has seen 'stable production across time' clearly knows nothing about history.

Now that the entire world has been 'discovered' it's likely gold discovery and production is and will continue to be much more stable, but I think we've also discovered that independent central banks do a far better job at regulating inflation and the money supply than gold ever could.

Um... I should point out that a gold-to-silver ratio of backing alongside the "independent central banks" would make it easier on the latter to properly manage the monetary supply.

No, it wouldn't.