It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
If you look below, the comments did the math; Same amount of gold.
The main issue is that gold isn’t directly used as currency, so this post is really saying “if you bought something worth a house, it is worth a house. Isn’t that weird?”
Gold used to be directly tied to our currency, but you can’t just print more money when it’s based off a gold standard, and the government didn’t like that, so they changed the standard.