Re:The U.S. government’s failed 1890s attempt to forge unity...
by AnimalMuppet on Friday June 11, 2021 @05:19PM
(#27478642)
Could you expand on that a bit? Why did the fixed ratio hurt farmers (or anyone who had to borrow)? Or, how would a float between silver and gold have helped them?
It's not like a bank is going to lend you gold dollars and accept being paid back in silver dollars (or vice versa) if the ratio between them isn't fixed...
[Edit: Never mind, ffggvv answered this question below.]
It's not like a bank is going to lend you gold dollars and accept being paid back in silver dollars (or vice versa) if the ratio between them isn't fixed...
[Edit: Never mind, ffggvv answered this question below.]