"For more than 100 years, from roughly 1800 to 1912, the purchasing
power value of the dollar under the gold-and-silver standard was
essentially constant. With the creation of the Federal Reserve and its
discretionary policies of the last century, however, the dollar’s value
has declined by more than 95 percent." -
http://www.soundmoneyproject.org/?p=9136
Not that we should go back to the gold standard. We should switch to bitcoin, of course. It's not inflationary and the "printing" of it is governed by mathematical formula that are inherent in it's technology and cannot be changed without breaking the entire system.
Not that we should go back to the gold standard. We should switch to bitcoin, of course. It's not inflationary and the "printing" of it is governed by mathematical formula that are inherent in it's technology and cannot be changed without breaking the entire system.
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