The downfall of empires is caused by war - abandon hard money for fiat to create war. Each and every time. And if fiat money was so good, why did they always switch back to a hard money standard?
Also did you read Adam Smith? He didn't advocate for fiat money, only metal coinage and asset backed loans..
You are talking pure Keynesian.
mypathtofire / đđŞđĄđđĽđđĽđ đđđŁđ
npub1zsâŚ0xwsm
2025-05-07 19:52:26
in reply to nevent1qâŚxlj8
Author Public Key
npub1zsyt45zfh2u28zuhvp66lljp8s6jrwlw7ckvfn34255e7jt37t9qx0xwsmPublished at
2025-05-07 19:52:26Event JSON
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