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> gold standard Was an objectively awful system. The 19th century economy was on a permanent boom and bust cycle alternating between severe inflation and defla
by qwytw 3y ago
> gold standard
Was an objectively awful system. The 19th century economy was on a permanent boom and bust cycle alternating between severe inflation and deflation. 2009, let alone what has happened over the last few years would've been very mild by gold standard standards.
> I feel like you are at an inflection point of understanding
It's funny that the edgy people who are so excited about the gold standard/bitcoin/deflation are so clueless about economic history.