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I think you misunderstand a fixed currency (like the US once had against the gold standard) and an economy that is in deflation.
by ramblerman 4y ago
I think you misunderstand a fixed currency (like the US once had against the gold standard) and an economy that is in deflation.
- JumpCrisscross 4y ago> like the US once had against the gold standard The gold standard isn't a fixed-supply currency. Gold was mined throughout the nineteenth century, coïncidentally, at about the rate of economic growth. When growth kept going while mining stalled, a series of economic crises pushed developing nations away from the standard.