Many economists believe that the gold standard contributed to several depression... | Hacker News

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		wmf on April 24, 2013 \| parent \| context \| favorite \| on: Paypal President: We're thinking about adding Bitc... Many economists believe that the gold standard contributed to several depressions during those centuries. Gold "worked" because nothing better was known, but modern fiat money works better.

javert on April 25, 2013 [–]

There is a lot of disagreement among modern economists. I definitely don't subscribe to the account you're giving.

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