"The gold-exchange standard gave the U.S. the unique ability to print dollars that everyone else had to accept, even if it wasn't backed by physical gold."
From Jimmy Song's latest article.
It got me thinking again. How large a part did endless money printing and an" exuberant privelege" play in the US's success, compared to the normal narrative.
https://bitcoinmagazine.com/culture/fiat-money-has-broken-the-world
Navigator / D. Frank
npub1mt…nd9t8
2023-03-09 00:03:10
Author Public Key
npub1mt075x48mqugfhzqd50jtl8eeapmcmv4pvwkvmxyy59vue84uncsmnd9t8Published at
2023-03-09 00:03:10Event JSON
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"content": "\"The gold-exchange standard gave the U.S. the unique ability to print dollars that everyone else had to accept, even if it wasn't backed by physical gold.\"\n\nFrom Jimmy Song's latest article. \n\nIt got me thinking again. How large a part did endless money printing and an\" exuberant privelege\" play in the US's success, compared to the normal narrative.\n\nhttps://bitcoinmagazine.com/culture/fiat-money-has-broken-the-world",
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