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I have been reading about people pining for gold standard but doesn't anyone anymore remember the Great Depression where the gold standard actually made the mat
by tekkk 6y ago
I have been reading about people pining for gold standard but doesn't anyone anymore remember the Great Depression where the gold standard actually made the matters a lot worse when the governments couldn't print more money? I get the ideological pathos but gold standard doesn't seem very realistic to me anymore. Whenever a negative feedback loop happens in economy you want to have very robust means to stop it if necessary.