Not saying it wasn’t – merely recognising that it was in this period the gold standard was removed entirely and since then a dollar has been underpinned by no asset or commodity. But if it’s preferable to be facetious – stablecoins, LOL!

Stablecoins are fundamentally unviable. Tied to something which is by its very nature inflationary ensures its impossibility. Facebooks experiment will be fascinating, just to see how quickly economics derail their vision.

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