Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says
HasturInYellow @ HasturInYellow @lemmy.world Posts 0Comments 352Joined 2 yr. ago
HasturInYellow @ HasturInYellow @lemmy.world
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That's only true when you are dealing with the infinite growth of capitalism. Nations and empires have used the gold standard for thousands of years. It only became "impossible" when we tried to inflate the value of economies into the stratosphere to enrich the aristocrats of society.