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Why are too little inflation as well as too much inflation both bad? What is the gold standard? Why did almost all countries abandon it in the 20th century?
... We explain like i'm five!
Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: yellowjacketcoder, bruceleefuckyeah, gradenko_2000, fencerman, silent-ambition1399, workingatbeingbetter & obamanibblesnomaam
To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:
https://www.twitter.com/eli5ThePodcast/
or send us an e-mail:
4.8
162162 ratings
Why are too little inflation as well as too much inflation both bad? What is the gold standard? Why did almost all countries abandon it in the 20th century?
... We explain like i'm five!
Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: yellowjacketcoder, bruceleefuckyeah, gradenko_2000, fencerman, silent-ambition1399, workingatbeingbetter & obamanibblesnomaam
To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter:
https://www.twitter.com/eli5ThePodcast/
or send us an e-mail:
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