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If you were to track the purchasing power / inflation of the US dollar, where would you logically begin to track the fall?
2009 Bitcoin created5.9%
1971 Nixon Shock29.4%
1933 Executive Order 61020.0%
1913 The Fed is born35.3%
1860 pre civil war5.9%
1792 US Coinage Act23.5%
17 votes \ poll ended
The earlier the better. This chart of UK CPI includes my own future extrapolation in a SN post about Bitcoin’s potential hyperbitcoinisation, but you can see the context of an actual long-term gold standard that has happened before. Economies actually function very well on a hard money deflationary standard. This insight is alien to people today.
The average price of something is basically 100x what it was 110 years ago already. But 210 vs 110 years ago it would have been almost the very same price, if not cheaper.
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