4 ms·
As seen in the past, the production of gold could not keep up with the need for liquidity and was at least vastly less inflationary relative to modern currenci
by birdyrooster 4y ago
As seen in the past, the production of gold could not keep up with the need for liquidity and was at least vastly less inflationary relative to modern currencies, which again isn't a useful property for the currency of a nation state.