3 ms·

https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ might temper your enthusiasm towards modern fiat currency.

• twodave 2y ago
  I’m not sure what exact point or points you want me to care about, but none of these charts seem to suggest _why_ we and every other country moved to fiat. I’ll admit I didn’t look at them all, you didn’t give me nearly the effort in your comment that you’re asking from me…
  • toenail 2y ago
    We moved to fiat because politicians like the indirect taxation through inflation. It's free money for them, what's not to like?
    • twodave 2y ago
      That is not why we moved to fiat. It may be a consequence, but there are also seriously consequential checks against doing it too freely.
• Unearned5161 2y ago
  ooo, read this! https://singlelunch.com/2023/09/13/the-bad-economics-of-wtfhappenedin1971/ https://singlelunch.com/2023/09/13/the-bad-economics-of-wtfh...