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Ah yes let’s use data from 100+ years ago from a nearly pre-industrial economy as the basis for what we should do today
by dalyons 4y ago
Ah yes let’s use data from 100+ years ago from a nearly pre-industrial economy as the basis for what we should do today
- WalterBright 4y agoThe US economy industrialized in the 19th century. 1700-1800 would be pre-industrial. Besides, America did try fiat money with the colonial government, and again in the Civil War. Particularly in the Confederacy. Each of those instances suffered from galloping inflation. Interestingly, in each of the two gold rushes, the US had inflation due to the influx of gold.