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I picked up his book and in 45 seconds figured out he was wrong...by looking at the index. He has an entire collection of stats and measurements, but, no where
by patrickg_zill 8y ago
I picked up his book and in 45 seconds figured out he was wrong...by looking at the index.
He has an entire collection of stats and measurements, but, no where in the index is the gold standard mentioned.
Changing from a silver and/or gold based monetary standard to a fully-fiat model as almost every government did at some point in the first half of the 20th century, should have resulted in various adjustments; adjustments that he should have mentioned and discussed.
(Heck, even changing from the Deutsch Mark to the Euro resulted in price changes for Germans.)
If he did discuss it but they made a lousy index, then, please give me page numbers in his book and I promise to re-examine...