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>look at the 40 years or so prior to 1913 Constant booms, busts, and panics. The period of the most financial instability in history occurred under the gold s
by DebtDeflation 4y ago
>look at the 40 years or so prior to 1913
Constant booms, busts, and panics. The period of the most financial instability in history occurred under the gold standard.
- throwawaymaths 4y agoWe have constant booms and busts now, even though we have more liquidity, people who should know better, math to describe what's going on, 'tools' to try to prevent it...
- ekianjo 4y agoLol then what do we have now?
- alangibson 4y agoBooms and busts that we can manage, and prevent from tanking the world economy, largely due to not having hard money.