Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
Humans figured out how to harness hydrocarbons, electricity, and telecommunications in the1800s, leading to an unprecedented growth in technology and population by the time all of that got some momentum in the 1900s.

And then economists were like โ€œwow, look how beneficial fiat currency was for humanity.โ€

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OzzyHB · 35w
Nothing stops this train!
OzzyHB · 35w
Thankyou
Peter Alexander · 35w
And proved to be a primary factor to lead to the Great War. Technological advances provided Germany the ability to leapfrog the British empire.
Little Spoon · 35w
Hahaha you nailed it. The twist at the end!
David Ledoux · 35w
Nabisco invented aerosol cheese in a can in 1965. Just 6 years later America defaulted on its debt obligations. Coincidence... or fiat food?
BTC-Satan · 35w
Fiat currency has been like a cocaine fueled disco night from 1978 ... just writ large.
Philipp · 35w
๐Ÿ˜‚
Matt · 35w
I can imagine peter schiff tweeting this in 2060 about bitcoin hiding behind AI productivity gains
Colorado Craig · 35w
The biggest shell game ever created with so many still eager to step up to the table.
kingCoin · 35w
Correlation = causation lol
Hoshi · 35w
fait currency is so efficient that even inefficient governments can thrive
PAKES · 35w
Even Nassim Taleb was making this argument some years ago
frphank · 35w
The nice thing about correlations is that nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm can just invent a causality to go with it.
Hans Is Solo · 35w
Yeah we should only have to work 13 hours a week by now according to Keynes.
Steve Brown · 35w
All of those inventions were on the backdrop of assuming a creator God, who is good it has created a universe that can be measured. The abandonment of God lead to the postmodern Fiat world we live in now.
leveler · 35w
To be fair with electricity outages how are you going to pay sats
Boog · 35w
NGL I fall for this same trap ๐Ÿชค
Nancie · 35w
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Samadhi.Amour · 35w
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