this supply-inelasticity is why I break with most libertarians and ancaps and say that fiat currency (including government fiat currency) is actually better than hard metal (e.g. gold) as a medium of exchangehttps://twitter.com/JohnDCook/status/1441463134040977415 …
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There's another irony inherent in the fact that the last time people spent much time discussing bimetallism was a little over a hundred years ago. Makes me wonder if the first 20 years of any new century hold some special significance for people, psychologically.
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