From learning the basics of history? Before 1900-s famines were common, and most people were illiterate.
> That really only happened in the 70s, it wasn't exactly the dark ages before that.
Got it. You live in an imaginary world.
In reality, the first inflation happened when the European civilization established contact with South America. It rapidly expanded the monetary base and provided an impetus to economic development.
Then paper money (and equivalent debt-based mechanisms) were invented and became popular, and this turbocharged everything.
I just explained history to you, you realize being patronizing and repeating yourself isn't evidence right?
From learning the basics of history? Before 1900-s famines were common, and most people were illiterate.
Do you think the printing press, the engine and large scale agriculture might have more to do with food and literacy than inflation?
All those problems were solved before the US went off the gold standard anyway.
In reality, the first inflation happened when the European civilization established contact with South America. It rapidly expanded the monetary base and provided an impetus to economic development.
You realize this doesn't make sense right? This idea that printing money somehow leads to all human advancement is bizarre, even for someone who is ignoring all the things I said before. If two cultures crossed oceans do you think the advancement might come from international trade or do you think some tribe in the jungle could make up a currency, start printing it off, then go straight on to skyscrapers and video games?
All this is just a gish gallop anyway, you never bothered to explain how not having inflation "causes hitler in 8 years" even though it's only been the last 50 years that we have been off of backed currency.
You also didn't confront the fact that anyone can put their money in stocks, bond or gold and essentially have a deflationary currency but they still spend money anyway.
Err... Have you ever studied history?
> Where are you getting that?
From learning the basics of history? Before 1900-s famines were common, and most people were illiterate.
> That really only happened in the 70s, it wasn't exactly the dark ages before that.
Got it. You live in an imaginary world.
In reality, the first inflation happened when the European civilization established contact with South America. It rapidly expanded the monetary base and provided an impetus to economic development.
Then paper money (and equivalent debt-based mechanisms) were invented and became popular, and this turbocharged everything.