4 ms·
the timeframe of losing the gold backing is typically measured in decades, while reserve currencies are used in a day-to-day basis.
by attila-lendvai 9mo ago
the timeframe of losing the gold backing is typically measured in decades, while reserve currencies are used in a day-to-day basis.
- PaulDavisThe1st 9mo agoit took decades when the US did it. there's no inherent reason for that.