> worked for 1000s Well you would be right if upu only averaged out yearly inflation over large periods of time. However this stability you’re talking about is

> worked for 1000s Well you would be right if upu only averaged out yearly inflation over large periods of time. However this stability you’re talking about is just an illusion. Year to year it was much worse e.g. during the 19th century yearly inflation in excess of 10% was much more common than after WW2 however it was usually followed by similarly high deflation when the current bubble burst. https://www.in2013dollars.com/uk/inflation/1800?endYear=1914&amount=100 https://www.in2013dollars.com/uk/inflation/1800?endYear=1914...