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> No, that's not true. That's an interesting but slightly pedantic point. If we continue that line of thinking, if the "end of the dollar" is actually caused b
by randomsearch 6y ago
> No, that's not true.
That's an interesting but slightly pedantic point. If we continue that line of thinking, if the "end of the dollar" is actually caused by switch to (say) the euro as a currency in our hypothetical world, then the "loss of medium exchange as a loss of wealth" argument no longer holds, but your original mechanism has been destroyed, so I think my point stands.
- lisper 6y agoWell, yeah, but that's a big if. A switch from the dollar to the Euro is unlikely to be seamless, especially in the U.S. which is still the world's biggest economy.