How many wars could have been prevented if governments couldn’t have printed way more money than they had GDP for and then needed to start a war to try and “fix” it?
Probably none.
Countries have had hyperinflation and then had wars, but I've never heard of a case where the hyperinflation caused the war. They're always linked by the same common cause: some shock (government collapse, market collapse, another war) that caused a supply shortage. That messed with the whole economy until it eventually resulted in violence.
Hyperinflation is a response to economic collapse, not the cause of it. Or you could see it as a measure of economic collapse; again, the metric reflects the problem, but isn't the problem itself.
I don't know how much keeping the monetary supply honest is good for humanity. Being able to print your own money can create a lot of problems, but it also gives you an escape hatch out of many others.
Re:Bitcoin as a Hyperobject
by cycrutchfield on Sunday July 11, 2021 @12:02PM
(#27801921)
“Auditable”. Just don’t look behind the Tether curtain.
Re:Bitcoin as a Hyperobject
by doggosphere on Sunday July 11, 2021 @12:31PM
(#27802248)
Tether isn't Bitcoin, nor is it a decentralized crypto asset.
How many wars could have been prevented if governments couldn’t have printed way more money than they had GDP for and then needed to start a war to try and “fix” it? This is the hyperobject we could be on the cusp of here.