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I disagree. The last 100 years have proven that technological progress is also possible without a sound money.

in my opinion it's one of many factors and all else being equal a sound money would probably improve results. But positive results are still possible with suboptimal money if other factors are positive.

learntocoal 1y ago

I think nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpzpmhxue69uhkummnw3ezumt0d5hsvge3uc makes a great argument that the bedrock for all the innovation that has happened in the last 100 years was laid in the time of sound money (gold). I think what supports that is seeing that true innovation has seen a massive decline during the fiat era.

Given enough time sound money will take us to the stars. Given enough time fiat will take us back to the stone age.

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