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by throwaway248329 1657 days ago
Sure, it's possible that the wealth disparity rise happened for other reasons, not related with gold standard.

However, I can still look at those charts and say that the gold standard does not harm the poor the way you imply it does.

1 comments

Sure, but the original discussion wasn't concerning the rare exception to the rule the gold standard hurts the poor (a brief period between 1958 and 1971 in the US which started with half the world's gold supply, and so growth and inflation took occurred as normal).

The original discussion was concerning the insane fantasy that the US economy would be better off backed by a deflationary cryptocurrency than the US dollar.