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0 sats \ 3 replies \ @Solomonsatoshi 1h \ parent \ on: Our Economy Has Never Needed an "Elastic" Currency econ
You wont have much of any industries without a government to provide rule of law and property rights for them.
USA will be just like Somalia in the 1990s the way you are going bud.
Poetic justice perhaps.
You wont have much of any industries without a government to provide rule of law and property rights for them.
Why do I need the greatest violator of property rights to enforce property rights? It makes no sense. Citing Somalia as the prime example of statelessness is such a meme scare tactic. We're not even at Hyperbitcoinization yet. Have some imagination.
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Fun fact: Somalia's economy improved relative to its neighbors after its government collapsed.
Even the lazy "What about Somalia?" pseudo-argument works against them when you make the right comparison.
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That's a very fun fact. I should have known.
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