alt Hacker NewsAlso we’re looking at periods that involve dramatically different monetary policy (gold standard before WWII, Bretton Woods from 1944-1976, then the current regime).
Also we’re looking at periods that involve dramatically different monetary policy (gold standard before WWII, Bretton Woods from 1944-1976, then the current regime).
One could argue that the defining aspect of each of those shifts in monetary policy has been to devalue the dollar further. I have a relatively basic understanding of economics though, and do understand the arguments that even if that's the outcome it's not an inherently bad one as an american, though a notable effect appears to have been massively widening inequality.