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Lemmy Shitpost@lemmy.worldEnglish · 7 days ago

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Lemmy Shitpost@lemmy.worldEnglish · 7 days ago

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Akasazh@lemmy.world
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6 days ago
Yeah like the influx of gold and silver from the Americas shook the European economy in the 17th century:

https://en.wikipedia.org/wiki/Price_revolution
- explodicle@sh.itjust.works
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  6 days ago
  That explains why our economy is so shaken today!
  
  This level of inflation amounts to 1.2% per year compounded, a relatively low inflation rate for modern-day standards, but rather high given the monetary policy in place in the 16th century.

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