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We almost had that with oil, but then they killed the guy trying to make it happen.
by koolba 3y ago
We almost had that with oil, but then they killed the guy trying to make it happen.
- thworp 3y agoUnrelated to the killing, tying you medium of exchange to a physical commodity was ill-suited to a time where the global productivity growth was double-digits for 50 years. Limiting the growth of your exchange medium to the rate at which a commodity can be extracted is almost as bad as going full command economy.