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by AlexandrB 1582 days ago
Love it when this gets dragged out. Nevermind the hundreds(?) of other countries that have nearly a century of mostly-stable economic activity under non-gold-backed fiat currency.

This is like saying that all pilots are actually trying to crash airplanes because some airplanes have crashed in the past.

1 comments

No the point is that there are major losers in the current paradigm.

Here are 19 other countries with double-digit inflation right now:

https://www.statista.com/statistics/268225/countries-with-th...

My speculation is that, on a long enough timeframe, every country eventually becomes a loser when they are using government-controlled currencies. Corruption is inevitable..