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enur72 / Rune Østgård
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2024-11-16 19:07:47
in reply to nevent1q…ptzh

enur72 on Nostr: The extreme expansion of the monetary supply 1914-1971 caused a massive growth of the ...

The extreme expansion of the monetary supply 1914-1971 caused a massive growth of the state, it imposed a too big burden in taxes and regulation. Humans, society and the economy is very plastic, but there are limits. Cutting the ties to gold probably became a release valve, and in fact the expansion of the monetary supply gradually (but bumpy) came down a little bit.
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