I believe that's because those at the top make thier money from banking. Inflation is then a positive because the assets the money are secured on will appreciate in terms of the fiat currency. Plus they get the interest payments of course.
I wonder if anyone has done longer term graphs back to when the £ was on the gold standard? Be inter…
I believe that's because those at the top make thier money from banking. Inflation is then a positive because the assets the money are secured on will appreciate in terms of the fiat currency. Plus they get the interest payments of course.
I wonder if anyone has done longer term graphs back to when the £ was on the gold standard? Be interesting to see how much house prices changed by in period say 1800-1918
For the US, wtfhappenedin1971.com has loads of graphs. The site does what it says on the tin, showing the effect of Nixon finally breaking any link between the USD and gold.
I believe that's because those at the top make thier money from banking. Inflation is then a positive because the assets the money are secured on will appreciate in terms of the fiat currency. Plus they get the interest payments of course.
I wonder if anyone has done longer term graphs back to when the £ was on the gold standard? Be interesting to see how much house prices changed by in period say 1800-1918
Yes there was no debt in the market then and most people rented so the data might not reveal that March. Schroeder’s I think did a study
For the US, wtfhappenedin1971.com has loads of graphs. The site does what it says on the tin, showing the effect of Nixon finally breaking any link between the USD and gold.