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Ah yes, the bad old days: https://pbs.twimg.com/media/C8H9i9IUwAEBo5s.jpg https://pbs.twimg.com/media/C8H9i9IUwAEBo5s.jpg

• jdale27 9y ago
  Can you explain what conclusion we are supposed to draw from that chart?
  • aoeuasdf1 9y ago
    Having a currency standard based on metals is inherently unstable. Central banking has succeeded.
    • collyw 9y ago
      Succeeded in keeping asset holders rich, and effectively suppressing the wages of workers.
    • ric2b 9y ago
      You can't just compare those periods and assume that currency properties are all that matters, you're comparing periods that included: - slavery - the civil war - the industrial revolution - two world wars - huge growth in population and in the economy, which makes it inherently less volatile - a bunch of other important events that would obviously affect currency prices
• deleted 9y ago
  [deleted]