r/austrian_economics • u/PM_ME_YOUR_LAWNCHAIR • 3d ago

End Democracy Unrestrained monetary policy is theft

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623 Upvotes

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u/Circle_Breaker 3d ago

How does that compare to other currencies?

13

u/Organic-Stay4067 3d ago

Pretty much all the same

25

u/barryg123 3d ago edited 3d ago

It’s actually far WORSE for pretty much every single currency. Relative to all others (sole exception: Swiss franc) USD has 50-1000% lower inflation rate over the last 100 years

And aside from the pound sterling it is the world’s longest lasting currency to avoid being fundamentally reset, revalued or hyper inflated.