[DannyTN]

What!? They didn’t tell us?!!!

Wait, I remember this in high school economics. College economics, Grad school economics.

And you know what. The value of money has been more stable on a year to year basis since we’ve had fiat money than when we were gold backed.

With the exception of the Great Depression (Fed was still learning) we’ve not had deflationary depressions at all.

I call that a win for anybody who is not trying to store cash in their mattress for 50 years.

[PGR88]

The value of money has been more stable on a year to year basis since we’ve had fiat money than when we were gold backed.

This statement is a false as it can possibly be. Are you being sarcastic?