2 ms·
> Imagine having to tell the economy it can only grow as fast as a specific rare metal is mined for money to continue to make sense. It makes intuitive sense t
by marcusverus 1y ago
> Imagine having to tell the economy it can only grow as fast as a specific rare metal is mined for money to continue to make sense.
It makes intuitive sense that the gold standard would have limited economic activity, but did it actually do? If the gold standard had been constricting economic activity, one would expect GDP growth to have accelerated after the gold standard was eliminated, but as far as I can tell that didn't happen.