[Axenolith]

Yes, on the bi-metalic standard and they tended to be localized. The only instances (Pre FED) where you had inflations in backed money, it was local to significant easily worked placers and it generated temporary monetary expansion in excess of available goods and services in that area.

While we were still under the "standard" under Bretton Woods, they FED printed money to excess and people like the French saw that as an open invitation to get while the getting was good. That's why Nixon closed the gold window...

[Toddsterpatriot]

Yes, on the bi-metalic standard and they tended to be localized.

So you think we had less inflation? What about deflation?

That's why Nixon closed the gold window...

Yes. So do you think we should go back on a gold standard now?