Yeah 1913 was bad and 1971 even worse, but the real downfall started whenever we stopped writing love letters.

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Martin Lowe's avatar
Martin Lowe 3 weeks ago
I’ve been trying to tell people that the real change came around 1871. After the Franco-Prussian war, every developed and developing country on earth started copying Prussian institutions, which were incredibly militaristic and centralizing. This system more or less demanded fiat money, and the Germans could ironically have saved themselves the bother of both world wars, since they’d already won the most important battle of them all.