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As far as I know, you're right about those historical facts, but both of us can see only a small part of the picture. There are hundreds or thousands of countr
by kragen 1y ago
As far as I know, you're right about those historical facts, but both of us can see only a small part of the picture. There are hundreds or thousands of countries in the world over eight thousand years since money was invented, and we've discussed a 225-year period in two of them. That doesn't seem like good justification for strong generalizations.
- strogonoff 1y agoIf you know a historical example of a successful deflationary currency…