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Fiat money is obviously more destructive, but you'd have to do some basic research to figure that out.
by toenail 5mo ago
Fiat money is obviously more destructive, but you'd have to do some basic research to figure that out.
- anonymars 5mo agoHere's a thought experiment for you: if "fiat currency=bad" and "hard money=good", why did the world collectively switch? Where are all the prosperous societies that held the line?
- singingtoday 5mo agoThere is an answer the crypto enthusiasts have to this, but since I'm not one of them I wouldn't do the argument justice. The short version is, it's about control and power.
- fyzix 5mo agoThey were forced to switch when the dominant military power decided to rugpull on August 15, 1971.
- anonymars 5mo agoExactly how did the US suspending conversion of its dollar to gold prevent other countries from using hard currency instead of fiat for their own?