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Is there evidence that this is because there was not a fiat money system? One could argue that the economy would have grown faster with fiat money and a small a
by unclenoriega 10y ago
Is there evidence that this is because there was not a fiat money system? One could argue that the economy would have grown faster with fiat money and a small amount of inflation to further incentivize investment.
- WalterBright 10y agoWhat it is is evidence that a fiat money system (and its associated inflation) is not necessary for excellent long term economic growth.