In that case the solution would be a floating silver price. Was this some kind o... | Hacker News

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HPsquared on April 4, 2025 | parent | context | favorite | on: Why does Britain feel so poor?

In that case the solution would be a floating silver price. Was this some kind of currency peg breaking? Ironic really.

orwin on April 4, 2025 | [–]

Yes, the silver standard was a thing before the gold standard, and those switched back and forth depending on the current gold rush.

ben_w on April 4, 2025 | [–]

Had anyone invented fiat back then? I assumed the concept was more recent.

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