|
|
|
|
|
by Stronico
4542 days ago
|
|
Some general points
1. Most of human history has been deflationary (either .8% or 1.8% if I remember my monetary history correctly). That used to be normal 2. There are several ways of having a gold standard, namely one where people use actual gold, one where the exchange rate is set by convention, and one where the government does sets the exchange rate. |
|