You do know what happens when currency increases in value, right? Your products are less affordable, your pay goes down, and your debts are more expensive. Our targeted inflation rate was a lesson learned from the Great Depression. You fight deflation by printing money. You can't do that with the Gold Standard. We tired.
The great depression was caused by easy credit and inflation. The gold standard did not work because it was destroyed by an overspending government. In order to expand the Federal Government they had to ditch it.
Inflation is a tax that steals value from savings. Deflation rewards savers, inflation rewards debt holders. Inflation creates corruption, just look at DC today.
You do know what happens when currency increases in value, right? Your products are less affordable, your pay goes down, and your debts are more expensive. Our targeted inflation rate was a lesson learned from the Great Depression. You fight deflation by printing money. You can't do that with the Gold Standard. We tired.
The great depression was caused by easy credit and inflation. The gold standard did not work because it was destroyed by an overspending government. In order to expand the Federal Government they had to ditch it.
Inflation is a tax that steals value from savings. Deflation rewards savers, inflation rewards debt holders. Inflation creates corruption, just look at DC today.