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by mensetmanusman 1544 days ago
[1] says:

“ Because the international gold standard linked interest rates and monetary policies among participating nations, the Fed’s actions triggered recessions in nations around the globe.”

That’s what I was alluding to, sorry for not being clear :)

1 comments

> the Fed’s actions triggered recessions in nations around the globe.

>the Fed's actions triggered recessions

I don't think this strengthens the case for justification of the fed.