1KJBLu2QbTgzcxXxS5vuhSFvQBCy9s2wYy (190) ·
The late 19th century disagrees
12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G (8015) ·
The European Gold Standard being forced upon the bimetallic New World certainly created a wealth effect in the late-1800s.
But it simultaneously paved the way for commercial bank fractional reserves and gutted American monetary might (silver).
12HPXH6C6PsrionmpMwLBeXzLcufVNUW7G (8015) ·
You cannot have the fractional reserve Gilded Age without the Panic of 1907, and without the Panic of 1907, there is no Fed.
Rockefeller-financed Mises was covering their tracks with historical revisionism imho. Have you read Eustace Mullins by chance?
1KJBLu2QbTgzcxXxS5vuhSFvQBCy9s2wYy (190) ·
Def not claiming it was utopia, or seeds of future … weren't in it. But late 19th is an example of pretty much global trade with almost no tariffs or quotas regulatory restrictions on movements of goods and people.
Haven't read Eustace Mullins.