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20 sats \ 1 reply \ @Undisciplined OP 9h \ 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.
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