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In Praise of ‘Line Goes Up’

stephendiehl.com

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Re: In Praise of ‘Line Goes Up’

#3
When someone makes claims like "deflationary currencies will push us back into feudalism" with no other support than "it is widely studied", I immediately begin to question this person's judgement.

Currency has little to no relationship with feudalism. And if they are using feudalism as a shorthand for inequality, we are already there with an inflationary currency.