Post
Topic
Board Beginners & Help
Re: Why such agreement that Deflationary currency is a bad thing
by
bitchess
on 28/04/2013, 12:52:58 UTC
why did they abolish gold standard in your interpretation?  What short term issues did they cite before making the change?

The really short answer - so governments could print money to pay for war.

What attributes of the prewar period necessitated higher money supply which was not achievable by gold bullion?