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by _4gzn
2050 days ago
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Let me copy a previous comment of mine [0]. One quasi-actionable lesson of history the governments can try to remember is: do not sacrifice your strategic goals for a short-term gain, or "avoid hotfixes in production". Example 1: Septimius Severus raised the legionary's yearly pay from 300 to 400 denarii while decreasing the amount of silver in a denarius by a half. The upset Roman economy would never fully recover. Example 2: Treaty of Brest-Litovsk with Ukraine on 9 February 1918. Ukraine obliged to deliver grain to Austria-Hungary to relieve the food shortage. In exchange, Ukraine was given lands that Polish people considered their own. When the news went public, the Poles, hitherto the most loyal nation to the Habsburgs, changed the orientation to anti-Austrian. In due time, their Regency Council declared independence. (And Ukraine never delivered the grain; Austria-Hungary had to be sent 500 truckloads of grain and flour from Germany.) [0] https://news.ycombinator.com/item?id=20172763 |
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[0] https://www.oaklandinstitute.org/international-monetary-fund...