Oddbean new post about login | logout I disagree. The last 100 years have proven that technological progress is also possible without a sound money. in my opinion it's one of many factors and all else being equal a sound money would probably improve results. But positive results are still possible with suboptimal money if other factors are positive.
Would you say they are positive if the "technological progress" is the result of a debt riddled society that is centralized and controlled by a small number of people? Our food is worse, our medicine is worse, our general health is worse, we are less in shape and more addicted to things than ever before. That said, we can move faster and communicate better than ever.
I think nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpzpmhxue69uhkummnw3ezumt0d5hsvge3uc makes a great argument that the bedrock for all the innovation that has happened in the last 100 years was laid in the time of sound money (gold). I think what supports that is seeing that true innovation has seen a massive decline during the fiat era. Given enough time sound money will take us to the stars. Given enough time fiat will take us back to the stone age.