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42 sats \ 2 replies \ @CliffBadger 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.
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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10 sats \ 1 reply \ @Undisciplined OP 1h
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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0 sats \ 0 replies \ @CliffBadger 1h
That's a very fun fact. I should have known.
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