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mothballedlast Wednesday at 1:08 AM1 replyview on HN

Non-responsive paragraph.

You've attacked what could interchangeably be dollar or gold asking what it might buy or store, failing to recognize I was measuring relative stability rather than absolute stability.

The dollar has lost over 95% of its value since inception of the federal reserve (at which time dollars nature changed significantly) in 1913 against some imperfect measures of CPI. That gives you a 20x difference over time, downward. Gold has not perform nearly that bad at price stability.

We could go back further than that when the dollar was a lot more stable... but at that time dollar was backed by gold and there wasn't (mostly) a central bank nor gold possession bans that let them mess with the price quite in the same way they did later.


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erulast Wednesday at 3:51 AM

The US always had really weird and restrictive financial regulations. Right from when the country got started.

Look to Canada for a much stabler system that didn't have banking crisis all the time. See eg https://archive.is/v13TM

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