[CyberDildonics]

Fake economics to "stable money causes hitler" in two sentences.

Countries used gold or metals either directly as currency or to back paper currency for hundreds of years. If their governments overspent they collapsed.

Saying you need inflation or you get hitler is pretty wild.

[cyberax]

> Saying you need inflation or you get hitler is pretty wild.

Not really. You need inflation, or you end up with stagnation.

https://en.wikipedia.org/wiki/W%C3%B6rgl#The_W%C3%B6rgl_Expe...

[CyberDildonics]

Your proof that the economic system that worked for hundreds of years doesn't actually work is a small town that issued their own currency, which allowed them to nominally pay people less and there were more jobs?

That's what inflation does, everyone gets paid less, but they don't realize it because they just see the same number coming in and more going out.

And then because of that, somehow noninflationary currency results in hitler in 8 years (even though it was used for hundreds of years).

I think you should look at the other end, which is governments going broke and not being able to inflate their way out of it.

[cyberax]

> Your proof that the economic system that worked for hundreds of years

It did not. The economic system that was in place for hundreds of years kept the population in a permanent state of depression. Most people had barely enough money to buy necessities.

The economic growth exploded, surpassing _millenia_ of innovation within mere _decades_ once we got rid of the golden chains.

But I guess that you fancy yourself being landed gentry and not a landless serf?

[CyberDildonics]

kept the population in a permanent state of depression.

Says who?

people had barely enough money to buy necessities.

Where are you getting that? I think you're confusing and conflating all sorts of things like human advancements with inflationary money. I'm sure what you're saying makes sense if you think every invention, discovery and gain of knowledge was from people having their money inflated, but there isn't any evidence of this, it's just you restating it.

The economic growth exploded, surpassing _millenia_ of innovation within mere _decades_ once we got rid of the golden chains.

That really only happened in the 70s, it wasn't exactly the dark ages before that.

[cyberax]

> Says who?

Err... Have you ever studied history?

> Where are you getting that?

From learning the basics of history? Before 1900-s famines were common, and most people were illiterate.

> That really only happened in the 70s, it wasn't exactly the dark ages before that.

Got it. You live in an imaginary world.

In reality, the first inflation happened when the European civilization established contact with South America. It rapidly expanded the monetary base and provided an impetus to economic development.

Then paper money (and equivalent debt-based mechanisms) were invented and became popular, and this turbocharged everything.

[CyberDildonics]

Err... Have you ever studied history?

I just explained history to you, you realize being patronizing and repeating yourself isn't evidence right?

From learning the basics of history? Before 1900-s famines were common, and most people were illiterate.

Do you think the printing press, the engine and large scale agriculture might have more to do with food and literacy than inflation?

All those problems were solved before the US went off the gold standard anyway.

In reality, the first inflation happened when the European civilization established contact with South America. It rapidly expanded the monetary base and provided an impetus to economic development.

You realize this doesn't make sense right? This idea that printing money somehow leads to all human advancement is bizarre, even for someone who is ignoring all the things I said before. If two cultures crossed oceans do you think the advancement might come from international trade or do you think some tribe in the jungle could make up a currency, start printing it off, then go straight on to skyscrapers and video games?

All this is just a gish gallop anyway, you never bothered to explain how not having inflation "causes hitler in 8 years" even though it's only been the last 50 years that we have been off of backed currency.

You also didn't confront the fact that anyone can put their money in stocks, bond or gold and essentially have a deflationary currency but they still spend money anyway.

[8note]

those hundreds and thousands of years were basically before humanity learned that prosperity could exist.

no growth that whole time, other than when you go to war and expand your gold supply by taking somebody else's.

the positive sum present is much better than the zero sum past

[CyberDildonics]

those hundreds and thousands of years were basically before humanity learned that prosperity could exist.

No, it was pretty much up until the early 1900s