cross-posted from: https://lemmy.ml/post/46379297

Source: r/buttcoin

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[–] 5 points 4 months ago (1 child)

First of all, hyperinflation hasn't been an issue in any modern economy for decades. We understand more about monetary policy than we did in the 1930s.

Secondly, economic crises did happen prior to Bretton Woods. In fact, they tended to be more common, and more severe.

Finally, it is not obvious at all that "universal currencys (sic) not run by local governments" could do better, especially given our experience with cryptocurrencies, all of which are extremely volatile and not suitable as a currency for that and various other reasons.

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