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Here'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 societie
by anonymars 6mo ago
Here'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 6mo 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 6mo agoThey were forced to switch when the dominant military power decided to rugpull on August 15, 1971.
- anonymars 6mo 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?