3 ms·
It's annoying how "everything bad happens because we abandoned the gold standard" is being pushed hard. A lot of other things happened around 1970, you know? I
by vintermann 4y ago
It's annoying how "everything bad happens because we abandoned the gold standard" is being pushed hard. A lot of other things happened around 1970, you know?
It's a lot more plausible to me that "the rise of international finance", from immensely improved communication, caused both the abandoment of the gold standard and novel ways to estimate future profit.