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> what entity would provide liquidity in order to help those affected by a disaster? Maybe if governments weren’t able to paper themselves out of bad decisions
by leesalminen 6y ago
> what entity would provide liquidity in order to help those affected by a disaster?
Maybe if governments weren’t able to paper themselves out of bad decisions, they would make fewer bad decisions?
- leereeves 6y agoGovernments made plenty of bad decisions when money was still tied to the gold standard. And to fix those bad decisions, they resorted to drastic measures like seizing property. Gradual inflation of fiat currency is a dramatic improvement over those days.