“Switzerland, the last country in the world to go off the gold standard, provides a good example of this dynamic. As the fiat world struggled through severe unemployment crises throughout the twentieth century, Switzerland had practically no unemployment until it went off the gold standard in the mid-1970s.42 After adopting the dollar standard and engaging in inflationism, Switzerland has witnessed a rise in unemployment that follows the same cyclical pattern observed in every country that runs on fiat money.”

Basic Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak