7 ms·
While doing better on nearly every other social aspect. Also, the U.S. economy can’t be compared with anywhere else because we are the reserve currency. The co
by aaomidi 3y ago
While doing better on nearly every other social aspect.
Also, the U.S. economy can’t be compared with anywhere else because we are the reserve currency. The control we have over our economy is literally not possible anywhere else. When we didn’t have this control, our economic policies led to the great fucking depression.
- WalterBright 3y ago> our economic policies led to the great fucking depression That policy was, specifically, tying the exchange rate of the dollar to gold while inflating the hell out of the dollar - Fed policy enacted in the 1914 Federal Reserve Act. This disconnect between the dollar's value and gold's value eventually caused a run on the banks which collapsed them, as you could buy gold for half price. The depression did not start to recover until the government halted gold purchases. > While doing better on nearly every other social aspect. Debatable. I've lived in foreign countries.