Best article I’ve read in a long time. Following on the heels of one of the best podcasts I’ve heard in a long time @preston @Jeff Booth Bear market content is the best! https://www.zerohedge.com/crypto/modern-money-only-works-cheating-if-youre-long-bitcoin-or-not-long-bitcoin-read https://fountain.fm/episode/ShOo5fcMEANFfwEPFfei The risk identified in the article for Bitcoin is invalidated if the claim made in the podcast are true. It all makes me feel so bullish hunkered down for hibernation in my bear den.

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A delight to read this article! In the interest of interacting with other humans who read the same long-form piece, here is a thought of mine: I feel like economists and traders put too much emphasis on the 20th century: lessons they have learned, principles they have derived. To me, our era more resembles a fall into a Bronze Age civilization, namely the Bronze Age Collapse, but in reverse. More specifically: king-priests, city-states, gods, magic, cuneiform debt and credit, sacrifice, logiclessness, folk and race, etc.
Interesting article about human nature and how fiat was used in financial crises. If only the humans didn’t create the circumstances needed to use this elastic money in the first place