The wacky thing about all this is Bitcoin is openly intended to be the "new gold standard", as though the time period of the original gold standard wasn't filled with inequality, evil corporations and corrupt governmentshttps://twitter.com/Tr0llyTr0llFace/status/1359406612826501122 …
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Replying to @arthur_affect
^^^^ this x100 Open any economics history book about the 18th-19th century and read about financial panics, robber barons and deflationary death spirals
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Replying to @Tr0llyTr0llFace @arthur_affect
Any examples of deflationary death spirals from 18th-19th centuries?
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Of course not
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"Unfortunately, most historians and economists are conditioned to believe that steadily and sharply falling prices must result in depression: hence their amazement at the obvious prosperity and economic growth during this era"
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Murray Rothbard can eat my ass
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Your sex life is none of my business
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The idea that increased traffic in luxury goods somehow compensates for soaring unemployment is everyone's business, because it's the same attitude that's led to economists defending the fuckery of the Obama years
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