3 ms·

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