𝐓𝐗𝐌𝐂
𝐓𝐗𝐌𝐂|May 16, 2025 12:18
A common fallacy I see is people believing broken money is the reason for society's ills and that changing the money will fix the root problems. This is a fundamentally incomplete view of history, which has endured the same outcomes again and again despite a wide array of monetary systems. It assigns causality to the wrong forces. Any standard is only as good as the compliance of the states participating in it. History is quite clear that no form of money can prevent greed, short sightedness, and states' desires to wage war from superseding the discipline imposed by hard money. Individuals can prudently insulate themselves from risks by owning outside assets like gold or Bitcoin, but "fix the money fix the world" is a faulty premise that instills a false hope.
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads