sowack on Nostr: Of course it would. The dollar lost its last peg to gold in the early 70s, and ...
Of course it would. The dollar lost its last peg to gold in the early 70s, and inflation went double digit (Arab oil embargoes didn’t help either). Once Volcker slayed the inflation beast, rates had to come down. The monetary system was pure fiat now, and as such it demands growth at all costs. Deflation for too long would cause the entire system to implode.
Published at
2024-08-02 22:47:54Event JSON
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