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The real answer is that the ongoing 50 year old, fiat money system experiment is a bad idea.
by ahnick 3y ago
The real answer is that the ongoing 50 year old, fiat money system experiment is a bad idea.
- JumpCrisscross 3y ago> the ongoing 50 year old, fiat money system experiment is a bad idea We're still talking about the largest era of wealth generated across any territory or time in human history, the American post-War ascendancy, right?
- 6figurelenins 3y agoNot really. "Post-war" means 1945. "Fiat money" means 1971. "Largest era" means 1981. Grandparent said "collapse," which is what Jenga towers do. Here's the era, in two charts: [1] https://tradingeconomics.com/united-states/government-bond-yield https://tradingeconomics.com/united-states/government-bond-y... [2] https://www.cbpp.org/income-concentration-at-the-top-has-risen-sharply-since-the-1970s-4 https://www.cbpp.org/income-concentration-at-the-top-has-ris...
- JumpCrisscross 3y ago> Here's the era, in two charts Out of curiosity, what are you seeing? Rates going down is bad? Here's the last millenia [1]. You'll notice a long-term trend of decreasing rates. [1] https://www.businessinsider.com/chart-5000-years-of-interest-rates-history-2016-6?r=MX&IR=T https://www.businessinsider.com/chart-5000-years-of-interest...