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Re:The Portuguese can no longer afford to live in Portugal by WalterBright on Thursday September 01, 2022 @10:36PM (#32685956)
The US before 1914.
Re:The Portuguese can no longer afford to live in Portugal by dalyons on Friday September 02, 2022 @01:19AM (#32686873)
Ah yes let’s use data from 100+ years ago from a nearly pre-industrial economy as the basis for what we should do today
Re:The Portuguese can no longer afford to live in Portugal by WalterBright on Friday September 02, 2022 @04:12PM (#32695229)
The US economy industrialized in the 19th century. 1700-1800 would be pre-industrial.

Besides, America did try fiat money with the colonial government, and again in the Civil War. Particularly in the Confederacy.

Each of those instances suffered from galloping inflation.

Interestingly, in each of the two gold rushes, the US had inflation due to the influx of gold.

Re:The Portuguese can no longer afford to live in Portugal by confidantlake on Friday September 02, 2022 @07:27AM (#32689353)
That would be had. I was asking have.
Re:The Portuguese can no longer afford to live in Portugal by WalterBright on Friday September 02, 2022 @04:12PM (#32695233)
No current country has been able to resist the lure of printing free money. They are also unified in denying that such printing causes inflation.