Because Tricky Dick said it was only temporary? We only adopted the Keynesian rationale after ending the gold standard.
Comment on Buttcoin
kossa@feddit.org 1 day agoWell, I mean, how you tell it, there’s some logic in it. But it feels like the logic of my 5 year old.
“Currency is not backed by gold anymore, so we simulate finite supply and mining work, in order to establish such a currency again.”
Allright. But…did they ever think about why gold is not a currency anymore and an investment vehicle instead?
explodicle@sh.itjust.works 1 day ago
SkyezOpen@lemmy.world 1 day ago
This is libertarianism in a nutshell.