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by aoeuasdf1 3214 days ago
Having a currency standard based on metals is inherently unstable. Central banking has succeeded.
2 comments

You can't just compare those periods and assume that currency properties are all that matters, you're comparing periods that included:

- slavery

- the civil war

- the industrial revolution

- two world wars

- huge growth in population and in the economy, which makes it inherently less volatile

- a bunch of other important events that would obviously affect currency prices

Succeeded in keeping asset holders rich, and effectively suppressing the wages of workers.