"... this ... is the fundamental flaw with the gold standard – it can only survive as long as populations will tolerate it ..." https://moneyweek.com/495751/inflation-and-population-growth-a-massive-economic-anomaly/ … ...
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... Yes, the gold standard is an unstable compromise. Eventually, money either escapes politics, or dies.
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Stability comes at a very high cost in medium-term growth-rates.
8:22 PM - 30 Sep 2018
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