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Not a "straw man". It's one step back in history from YOUR example of the Deutsche Mark! Again, the broader point is that measuring a "failure" as a total coll
by willmadden 4y ago
Not a "straw man". It's one step back in history from YOUR example of the Deutsche Mark!
Again, the broader point is that measuring a "failure" as a total collapse vs. a replacement with a possible devaluation is the strawman.
Abrupt "failures" (or "replacements"... choose your euphemism) are noticed, but modern fiat currencies are constantly failing. It is easy to measure. The metric is currency debasement, what you would call "inflation" and what I would call "state sanctioned counterfeiting".