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Do you think 50 years is all that long in the historical context? America showed that you could have hundreds of years of stable democracy until a simple combi
by berberous 4y ago
Do you think 50 years is all that long in the historical context?
America showed that you could have hundreds of years of stable democracy until a simple combination of cable news, Twitter and a narcissistic president almost led to a coup.
The Roman republic was stable for hundreds of years until it collapsed.
The Turkish lira has lost more than 97 per cent of its value against the US dollar since January 2021.
I agree with you that the 1950-2010 world order and U.S. monetary system was better than Bitcoin. Where we disagree I think, is with our confidence in the stability of human institutions and the likelihood that the world necessarily remains stable in that world order for the next 1,000.