2 ms·
Governments made plenty of bad decisions when money was still tied to the gold standard. And to fix those bad decisions, they resorted to drastic measures like
by leereeves 6y ago
Governments made plenty of bad decisions when money was still tied to the gold standard.
And to fix those bad decisions, they resorted to drastic measures like seizing property. Gradual inflation of fiat currency is a dramatic improvement over those days.