| ▲ | nickff 4 hours ago |
| Notably, the 'massive inflation' was a rate of 1-1.5% per year... |
|
| ▲ | AnimalMuppet 4 hours ago | parent [-] |
| Which, for the gold standard, is still rather shocking. |
| |
| ▲ | SoftTalker 3 hours ago | parent | next [-] | | Well only with a fairly fixed amount of gold available. If suddenly a vast new supply of gold is discovered, its not shocking that there would be inflation. | |
| ▲ | colechristensen 2 hours ago | parent | prev [-] | | Since the industrial revolution productivity has actually been increasing and automation continues to make this happen. If you don't have a mechanism for productivity increase matching your inflation it's just making whoever is creating the new money temporarily proportionally wealthier until the money spreads everywhere. |
|