3 ms·
The gold standard was the least of the Bretton Woods Era problems. I also wouldn't call this new fiat regime with rising property prices and stagnant wages as
by woobilicious 6y ago
The gold standard was the least of the Bretton Woods Era problems.
I also wouldn't call this new fiat regime with rising property prices and stagnant wages as a "net win" over Bretton-Woods, the gold standard was probably the only thing keeping the federal spending under control, and real wage growth up.