pull down to refresh
20 sats \ 1 reply \ @Undisciplined OP 26 Nov \ parent \ on: Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle? econ
Yes, prices were so stable that they were believed to be almost divinely set.
You know, they still might be that stable. The price of a good toga and complete outfit used to be one ounce of gold. I think a bespoke suit and accoutrements can still be bought for that one ounce of gold. Divinely set? I am not sure of that, but it certainly looks very stable to me.
reply