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A comment on The Portuguese can no longer afford to live in Portugal. Parent comment
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.
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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.