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Currency debasement always caused people to want to move to cities where the currency was being issued. Without currency debasement, people may have been incen
by cryptica 5y ago
Currency debasement always caused people to want to move to cities where the currency was being issued.
Without currency debasement, people may have been incentivized in the past to move to cities for certain industries where knowledge was highly specialized (the company needed to be in a big city with many people in order to tap into a larger talent pool).
Today, where most intellectual work can be done remotely, it doesn't make sense to move people geographically to specific geographic areas.