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210 sats \ 1 reply \ @mallardshead 27 Sep 2023 \ parent \ on: so what if all the crisis, hyperinflation, and collapses don't play out tho? bitcoin
Agreed. And if you study even the hyperinflation events (Moldova, Japan, Argentina, Russia, Weimar, Zimbabwe, Greece, etc), they don't play out like the sub-species of Bitcoin Twitter Austrians like claiming. That group has a habit of scissoring small time frames that fit their narratives and dismiss the decades of context prior to, and especially after the events.
I try to take that sort of zoomed out perspective. However bad those events were for the people who had to survive them, pretty much everyone did survive them and society didn't devolve into roving bands of marauders.
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