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Love it when this gets dragged out. Nevermind the hundreds(?) of other countries that have nearly a century of mostly-stable economic activity under non-gold-ba
by AlexandrB 5y ago
Love it when this gets dragged out. Nevermind the hundreds(?) of other countries that have nearly a century of mostly-stable economic activity under non-gold-backed fiat currency.
This is like saying that all pilots are actually trying to crash airplanes because some airplanes have crashed in the past.
- eric_cc 5y agoNo the point is that there are major losers in the current paradigm. Here are 19 other countries with double-digit inflation right now: https://www.statista.com/statistics/268225/countries-with-the-highest-inflation-rate/ https://www.statista.com/statistics/268225/countries-with-th... My speculation is that, on a long enough timeframe, every country eventually becomes a loser when they are using government-controlled currencies. Corruption is inevitable..