How many credible historians understand things like currency debasement, inflation, etc? Doesn’t surprise me that they wouldn’t spend their time researching that angle.
How many credible historians understand things like currency debasement, inflation, etc? Doesn’t surprise me that they wouldn’t spend their time researching that angle.
Currency is a store of energy, value for every member of a society. Who would imagine if someone starts tinkering with that, the ripple effect might be catastrophic? That’s the whole point of Joe Bryan’s example: www.youtube.com/watch?app=de...
How many economists understand things like the diversity of experiences in the 3rd century Roman Empire or the decentralized way it's government operated? Or the global phenomena that was occurring around it? I assure you, it is less than that the former.
I didn’t say economists understand debasement. They’ve all grown up and have been educated in the fiat currency system. They don’t understand scarcity either. Rome survived the wars with Carthage, Spartacus, the Greeks, Egypt, countless civil wars. None could bring Rome to its knees.
I think we listened to the same podcast recently, I can’t remember which, 40 hours a week, there are a lot.
I’ve been questioning all these financial and economic theories and such for a long time now. Like, “are they basing everything they know on a foundation of infinite money supply?” 😬