3 ms·
Lack of gold standard is not sufficient for inflation - you also need reckless monetary/fiscal government policies (abundant in the US, taking full advantage of
by jazzyk 9y ago
Lack of gold standard is not sufficient for inflation - you also need reckless monetary/fiscal government policies (abundant in the US, taking full advantage of the dollar being the reserve currency)
I was not trying to prove causation. There appears to be correlation, but obviously other factors (like government spending) are at play