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Joined 1 year ago
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Cake day: June 3rd, 2023

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  • Thank you for writing that so I don’t have to.

    The end of the petrodollar is complicated. On the one hand it reenforced American hegemony and propped up US financial institutions and instruments. On the otherhand it was quite unfair and sometimes unpopular even among US allies.

    The end of it means US finance will have to work harder to stay competitive and the US has to trade currency on (slightly) more equal footing but it might lower international resentment.






  • AlwaysTheir@lemmy.onetoMonero@monero.town3 Ways to Cope with XMR Losses
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    5 months ago

    Austrian economists argue that a stable money supply promotes economic stability and allows for rational price signals. It proposes that for money to be stable it needs to be tied to one or more tangible commodities. So all current crypto should be avoided according to Austrian economics. Which makes me wonder, as an Austrian Econ fan, why are you here?