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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by DebtDeflation on Thursday May 12, 2022 @06:38AM (#31351949)
>look at the 40 years or so prior to 1913

Constant booms, busts, and panics. The period of the most financial instability in history occurred under the gold standard.

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Re:Tether starting to lose its peg too, after Terra did by throwawaymaths on Thursday May 12, 2022 @06:52AM (#31352095)
We have constant booms and busts now, even though we have more liquidity, people who should know better, math to describe what's going on, 'tools' to try to prevent it...
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Re:Tether starting to lose its peg too, after Terra did by ekianjo on Thursday May 12, 2022 @07:22AM (#31352361)
Lol then what do we have now?
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Re:Tether starting to lose its peg too, after Terra did by alangibson on Thursday May 12, 2022 @12:28PM (#31356378)
Booms and busts that we can manage, and prevent from tanking the world economy, largely due to not having hard money.
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