I've previously touched on this subject by looking at the Vietnam war.https://twitter.com/hugohanoi/status/973693594128211968 …
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I've previously touched on this subject by looking at the Vietnam war.https://twitter.com/hugohanoi/status/973693594128211968 …
I'm particularly surprised by his tweet since the linkage between large-scale state violence and money (in particular coinage) is something acknowledged by both chartalists and monetarists
By now I have to say I'm no longer surprised at Vitalik's demonstrated level of naiveness. It's unfortunately not the first time... 
Which is a shame because I think he's highly intelligent. Just naive & in way over his head.
These systems are so multidisciplinary that no one can have a good handle on all the subdomains. Except Szabo of course.
Vitalik, like many others, fail to see money for what it is - a power hierarchy. The top tier of this hierarchy is counterfeiting money and the *only* way to sustain this corrupted hierarchy is via threat of violence.
https://youtu.be/aNPuGIX1xmY (5 minutes) How Bitcoin Destroys The Economics Of Violence - Trace Mayer
Yes politicians and bureaucrats create fiscal and monetary policy mess 90% of the time. That’s what creates malinvestment due to misallocation of resources. The boy is confused
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