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Sorry kevinqualters but it sounds like you need to spend some time researching what he brought up before you call it horseshit. You had no specific examples why

• kevinqualters 15y ago
  no false it is this libertarian circlejerk that is so prevalent among technophiles on the internet that has it all wrong. every single modern currency is fiat, and the us does not somehow magically benefit from this fact. the us was able to reach the economic position it has from a combination of unique factors that largely stem from ww2. but what he wrote is so incredibly wrong and nothing but sensationalist rhetoric. all countries are going to be facing issues moving forward, mostly revolving around how to deal with the negative externalities that arise from 1) automation 2) the resulting increases in productivity. People who don't understand modern economics have been screaming that inflation is inevitable since bretton woods, but it is not going to come. the us will be fine, and will still be the world's second largest economy in 2030.