What is Nostr?
blue_river / Dave
npub1cmc…f69f
2023-06-11 09:22:17
in reply to nevent1q…s8t6

blue_river on Nostr: The US economy did OK during periods when the currency was backed by gold or silver. ...

The US economy did OK during periods when the currency was backed by gold or silver. And yes, it would result in deflation; but deflation is OK as long as most people are expecting it and are positioned for it.
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