Re:Bitcoin as a Hyperobject
by jfengel on Monday July 12, 2021 @01:15PM
(#27812619)
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.
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.