this post was submitted on 21 Feb 2024
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Buttcoin

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[–] [email protected] 6 points 9 months ago (1 children)

I'm of the opinion that the gold standard was obsolete around the time when the railroad and the telegraph were being rolled out on a wide scale and that shiny metal fetishism was heavily responsible for the longer and deeper economic crises of the 1800s and early 1900s.

[–] [email protected] 4 points 9 months ago

this is basically correct, yes