> *No society can outrun living beyond their means, no matter how deep their res...

		JumpCrisscross on Oct 26, 2021 \| parent \| context \| favorite \| on: The Gold Standard and the Great Depression (1997) > No society can outrun living beyond their means, no matter how deep their reserves are Which is why we have inflation. No reserves needed. The price levels incorporate the distance between the means and the living.