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Byzantine 2y ago

this describes multi currency problems and why in a multipolar world there will not be multi currency trade

tldr: trade imbalances lead to many costly currency imbalances

https://stacker.news/items/136781

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a source familiar with the matter 2y ago

We had a multipolar world with trade in many currencies in the past - they were just claims on different amounts of metal

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Byzantine 2y ago

yea and they were convertible to gold so it made it one currency

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a source familiar with the matter 2y ago

One money many currencies