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The ongoing fiat dollar experiment, initially to finance the Vietnam war is unacceptable to me. The resulting impending unraveling of USD as the world reserve c
by cft 4y ago
The ongoing fiat dollar experiment, initially to finance the Vietnam war is unacceptable to me. The resulting impending unraveling of USD as the world reserve currency might be unacceptable to you.
Money and government should be separated, otherwise it provides the government with wrong incentives.
- yossarian1408 4y ago100% this. I wonder if people consider the carbon footprint of maintaining petrodollar hegemony. But they will lose that hegemony. It happened to the denarii, it will happen to the dollar. The question is - what would be best suited to replace it? Our contenders are the Euro, the Yuen or Bitcoin. Seems an obvious choice.