2 ms·
The currency is never the only asset or unit of trade in an economy. As long as value and wealth were being created somewhere, inflation can exist. Gold is int
by Aurornis 9mo ago
The currency is never the only asset or unit of trade in an economy. As long as value and wealth were being created somewhere, inflation can exist.
Gold is interesting because more of it was being mined and produced all the time. There wasn’t even a finite amount of gold.
Thinking that a gold standard means no inflation (or in practical terms, deflation as the population grows) is a modern fantasy.