Inflation has been around since human history began, regardless of monetary basis. It is a belief system. If people believe gold has value, then it does. People have used salt, drugs, animal pelts, prostitution, beads and trinkets, etc. No matter the basis, prices increase over time
Inflation has been around since human history began, regardless of monetary basis. It is a belief system. If people believe gold has value, then it does. People have used salt, drugs, animal pelts, prostitution, beads and trinkets, etc. No matter the basis, prices increase over time