Oddbean new post about login | logout The fiat distortion field touches everything. It’s hard to have any current events or philosophical conversation with anyone without thinking about it. #bitcoin
Which metrics will show that a hard-money society is doing better than a fiat-money society? For example, inflation will drop in a hard-money world but GDP and labor force participation might drop too. Do we need to use new metrics?
Not thinking of this from a nation state perspective more so a human action day to day decisions perspective. Most societies of human history had a hard money standard so you can get many clues there. What do you think?
I don't know.