3 ms·
> the same kind of stagnation people faced under the gold standard The entire reason that basically the entire world switched away from the gold standard just
by crooked-v 1y ago
> the same kind of stagnation people faced under the gold standard
The entire reason that basically the entire world switched away from the gold standard just about the second the US proved it was logistically practical was that specie-backed currency had no long-term stability at all.