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This is mostly correct. I added some context in my answer that you might be interested in. I think it would be more correct to say that adding silver would mos
by nickik 5y ago
This is mostly correct. I added some context in my answer that you might be interested in.
I think it would be more correct to say that adding silver would mostly cause increase liquidity it unlikely silver would have caused significant inflation.
In general I would argue the issue with silver was way overblown, if silver or not would not have changed the fundamental problem.
The people who opposed silver predicted over the top results and those who were pro silver overestimated the actual effect it would have.
The US monetary system had far more important issues related to unit banking, reserve pyramids and note issue.