2/ "Yet modern central banks favour low but positive inflation for good reason. In the real world wages are “sticky”: firms find it difficult to cut their employees’ pay."
gold was consistently slowly rising in value and yet people spent it anyways
-
-
Can you explain how gold, despite being mildly deflationary, functioned as a SoV, MoE, UoA and was stable? :)
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
When was the last time gold was used as a primary MoE? What year? What country? Gold history:https://in.reuters.com/article/idINIndia-52748720101108?pageNumber=1 …
- End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.