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Podcast: ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast
Episode: ELI5 Inflation - why do we need it and why the gold standard was abandoned?
Description: Why are too little inflation as well as too much inflation both bad? What is the gold standard? Why did almost all countries abandon it in the 20th century? Â ... We explain like i'm five! Â Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: yellowjacketcoder, bruceleefuckyeah, gradenko_2000, fencerman, silent-ambition1399, workingatbeingbetter & obamanibblesnomaam To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter: ht...