(no title)
ijk
|
2 months ago
It's interesting that mining gold and silver is similar to printing more money; we usually think of inflation as represented by debasing coinage but there's been a few circumstances where flooding the local economy with precious metals is the same effect.
nradov|2 months ago
colechristensen|2 months ago
Gibbon1|2 months ago
https://en.wikipedia.org/wiki/Cross_of_Gold_speech
You can imagine every year the price per bushel of the wheat you grow drops and your mortgage stays the same. When your whole economy is like that no one wants to borrow or lend money and investment slows.
venturecruelty|2 months ago