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10 sats \ 0 replies \ @harrr 15 Oct 2023 \ on: What a Gold Standard does to America bitcoin
What would America look like it we return to the gold standard? Would we return to the stone age, would innovation end as Wall Street bankers and government’s paid economists claim?
No, because we can't return to the gold standard. Hate fiat money all you want, but it is superior to gold because gold is heavy and transporting it sucks. Fiat money solved a problem, but today we know that infinite printing added more problems than fiat solved.
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