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A comment on BadEconomics: Putting $400M of Bitcoin on your company balance sheet. Parent comment

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by splintercell on Monday January 04, 2021 @12:01PM (#25634115)
Is your understanding of this only from that line or do you have a more deeper take on it.

Back in 1920s, govt could 'adjust' the gold standard by changing the rate whenever they wanted.

Wanna double the money supply by 60%? Change the gold standard peg from 1.505g to 0.888g of gold.

When you didn't do that, you got a very short lived depression of 1920-1921 [1].

When you did, like FDR did in 1933, you got a long, extended deperession.

1. https://en.wikipedia.org/wiki/Depression_of_1920%E2%80%93192...

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by nickles on Monday January 04, 2021 @12:04PM (#25634202)
> When you did, like FDR did in 1933, you got a long, extended deperession.

But the Great Depression began in late 1929. FDR's decision in 1933 retroactively extended the depression by 3 years?

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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by splintercell on Monday January 04, 2021 @01:37PM (#25635889)
Great depression didn't end till 1939.
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