Oh so there were no bank panics or depressions in that period?
If you think the goal of a healthy economy is to never have banking problems or never have contractions, then you believe a Disney fairy tale.
Fiat and central banking does not prevent nor stop them. It makes them *systemic* rather than surface layer. In other words, they simply build for 10x as long and when they collapse, they take everything with them.
Fiat and central banking does not prevent nor stop them. It makes them *systemic* rather than surface layer. In other words, they simply build for 10x as long and when they collapse, they take everything with them.
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