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Thanks for the background. That's why I thought it was interesting but had some skepticism and want to look more into it. I don't think the average person (inc

by pfranz 9y ago

Thanks for the background. That's why I thought it was interesting but had some skepticism and want to look more into it. I don't think the average person (including myself) knows enough about our history to be able compare things 50-100 years ago in the US to now. I remember hearing the US has benefited quite a bit by having oceans between us because after the World Wars we didn't have our cities destroyed. I believe that's one reason New York became a financial hub, picking up the slack from London. Is it a fair comparison to say a more egalitarian policy made us "happier" when we still had segregation, women couldn't vote, and much smaller welfare/social services?

afarrell 9y ago
> we didn't have our cities destroyed We also were able to sell arms to the allies for two world wars. At the end of WWII we had 80% of the world's gold reserves. This meant that during the Bretton Woods conference, when a bunch of treaties were drafted to require the use of "gold-convertable currency", that was effectively the US Dollar...so they just put "US Dollar" in the final language for clarity and made USD the global reserve currency among other things.