They were describing the 1930s situation, when the dollar was backed by gold & i... | Hacker News

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		00N8 8 months ago \| parent \| context \| favorite \| on: Why America's economy is soaring ahead of its riva... They were describing the 1930s situation, when the dollar was backed by gold & it didn't go well

t-3 8 months ago [–]

And I was saying that the dollar is no longer backed by gold, or tied to any other limited resource, so why would we assume that the same scarcity-driven dynamics are still in play?

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