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77 sats \ 2 replies \ @Undisciplined 6h \ on: 3 Factors Dragging Down the U.S. Dollar econ
If the dollar's going to be volatile too, maybe people should just start switching to bitcoin. Seems like a no-brainer.
It's interesting how dramatically GDP growth collapsed after moving off the gold standard.
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42 sats \ 1 reply \ @SimpleStacker 6h
Speaking of which, have you ever seen a "reputable" economist respond to the charts in https://wtfhappenedin1971.com/?
It's obviously a well known thing in bitcoin world, but I never encountered it until getting into bitcoin, and I don't think i've ever seen a mainstream guy try to debunk it, either.
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30 sats \ 0 replies \ @Undisciplined 5h
No, I haven't. I had seen it previously through all the gold bug Austrian types.
I've worked on a few hedonic pricing projects and whenever we've gone far enough back, there's always a big structural break shortly after 1971. I'm the only one who ever proposes that it's because the entire monetary system changed and people always look at me like I have two heads.
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