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this post was submitted on 01 May 2024
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Totally agree with you. Didn’t mean for an appeal to tradition, or a “we’ve always done it” type of reasoning.
While history sure as shit isn’t pretty, there is some measure of stability and institutional knowledge that we have developed and shouldn’t be written off.
Kinda like that quote from the economist that goes something like “we’re not on the gold standard because it’s some new wild idea, we’re not on the gold standard because of everything we know across history about the gold standard.”