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A comment on Wall Street Banks Warn Downturn Is Coming. Parent comment

Re:Wall Street Banks Warn Downturn Is Coming by akeck on Wednesday August 23, 2017 @01:00PM (#15083138)
When I look at a two hundred year US inflation/deflation graph, it looks like taking us off the gold standard provided some form of damping.
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Re:Wall Street Banks Warn Downturn Is Coming by pja on Wednesday August 23, 2017 @01:53PM (#15083591)
Being on the gold standard means occasional depressions caused purely by the inability of the supply of gold to keep up with the expansion in the economy IIRC.
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Re:Wall Street Banks Warn Downturn Is Coming by dlp211 on Wednesday August 23, 2017 @02:09PM (#15083717)
And while it may have not played out historically in the US, the opposite side of that coin, that is a glut of gold, is just as devastating to an economy.
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Re:Wall Street Banks Warn Downturn Is Coming by dragonwriter on Wednesday August 23, 2017 @02:14PM (#15083756)
Didn't happen to the US, but did to Spain.
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Re:Wall Street Banks Warn Downturn Is Coming by pm90 on Wednesday August 23, 2017 @02:36PM (#15083946)
Additionally, glut of new world silver also greatly damaged the economies of India and China, which heavily used silver currencies at the time.
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