| > it's a fact that all countries aim to keep inflation at around the 2% to 3% mark False [1][2][3]. > didn't Gaddafi of Libya try to introduce a Gold Dinar currency He also began using every other currency than dollars. That’s how rebalancing works. > Did any country manage to abandon their national fiat system without its leaders being assassinated or overthrown in a violent coup? Kind of suspicious Pegged currencies and currency boards exist. Also, what are you thinking of? Because we haven’t had a working economy with a fixed-supply currency since the Industrial Revolution, for obvious reasons. > no country will dare try the deflationary route. Why? Did you miss the Euro crisis? Austerity is forced deflation. > Why is it that only decentralized currencies without leaders were able to achieve this? Straw man. Every time crypto crashes, they’re hyperinflationary in real terms. [1] https://indianexpress.com/article/business/economy/rbi-targe... [2] https://www.ceicdata.com/en/argentina/consumer-price-index-i... [3] https://www.reuters.com/world/middle-east/turkey-inflation-h... |
One look at some of the history of austerity:
* https://en.wikipedia.org/wiki/Austerity:_The_History_of_a_Da...