Why Nostr? What is Njump?
2023-06-11 09:22:17
in reply to

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.
Author Public Key
npub1cmc7744yzjfxxtk3c4kqxu5n4qy6azzprspln6paay06m2wkufssmvf69f