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Its true the metal created inflation, but I assure you it created less inflation issues that any paper ever, and could never create hyperinflation as we know it
by conanbatt 8y ago
Its true the metal created inflation, but I assure you it created less inflation issues that any paper ever, and could never create hyperinflation as we know it unless it rained gold or something.
Im unaware of big crisis stemming from that inflation, although I find it very amusing when Adam Smith or Ricardo talk about it without having the word in their arsenal. I loved knowing they were trying to define inflation without knowing what it was.