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A comment on The U.S. government’s failed 1890s attempt to forge unity through currency. Parent comment

Re:The U.S. government’s failed 1890s attempt to forge unity... by dnautics on Friday June 11, 2021 @01:27PM (#27476125)
Broken window fallacy.

Letting things fail is a possibilty. The boys' club can get together and coordinate a rescue, but in one out of every n attempts of coordinated rescue, they'll fail. Which will be good for leveling income inequality.

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Re:The U.S. government’s failed 1890s attempt to forge unity... by xxpor on Friday June 11, 2021 @02:11PM (#27476691)
That's also how you end up with wars.
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Re:The U.S. government’s failed 1890s attempt to forge unity... by dnautics on Friday June 11, 2021 @03:21PM (#27477396)
No, since 1900 wars are more correlated with inflationary predictors than deflationary predictors.
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Re:The U.S. government’s failed 1890s attempt to forge unity... by xxpor on Friday June 11, 2021 @04:46PM (#27478259)
They're correlated with instability. I'd agree hyper inflation is a cause of instability. 2-3% isn't.
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Re:The U.S. government’s failed 1890s attempt to forge unity... by dnautics on Friday June 11, 2021 @06:17PM (#27479170)
You are making an assertion based on a model that is strictly in your head because it seems "right". Please check your history.
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Re:The U.S. government’s failed 1890s attempt to forge unity... by imtringued on Friday June 11, 2021 @06:40PM (#27479386)
Wars create a lot of debt and inflation is effectively the act of not honoring the debt. It's pretty obvious why inflation follows wars.
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Re:The U.S. government’s failed 1890s attempt to forge unity... by bobthepanda on Saturday June 12, 2021 @11:18AM (#27485063)
Is that because of the existence of the Fed, which only started up in the 1910s?
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