3 ms·
The progress of the last 100 years has a lot more to do with technological progress and less to do with the economic structure. Technically the US was still on
by mattm 9y ago
The progress of the last 100 years has a lot more to do with technological progress and less to do with the economic structure.
Technically the US was still on the gold standard up until the 70s.
- closeparen 9y agoWell sure, I'm not arguing that monetary policy is responsible, only that "it worked fine during feudalism" is a silly argument.