"The Federal Reserve will face continuing pressure to monetize ever-increasing federal debt and keep interest rates (and thus the federal government’s borrowing costs) low. The resulting inflation will lead to more support for ending the dollar’s world reserve currency status. As more countries abandon the dollar, the Fed will become less able to monetize the federal government’s debt without creating hyperinflation. This will result in a dollar crisis and an economic meltdown worse than the Great Depression.

This crisis will lead to the end of the welfare-warfare-fiat currency system. While history suggests this will lead to the rise of even more authoritarian political movements, the growing popularity of libertarian ideas suggests the collapse will also fuel the further growth of the liberty movement. This could mean that the crisis leads to a restoration of limited government and an advancement of liberty. The key to taking full advantage of the opportunity presented by the crisis is to keep spreading our ideas. Fortunately, we do not need a majority; we just need a tireless, irate minority committed to the cause to regain our liberty."

https://libertarianinstitute.org/articles/when-the-petrodollar-dies-the-empire-dies/

Reply to this note

Please Login to reply.

Discussion

It's definitely going to present us with an opportunity. We have to stay active in the war of ideas, but things are looking up.

I'd add to your historical analysis that the collapse of the dollar will be accompanied by the breakup of the United States. One of the resulting countries should be very hospitable to liberty and we should flock to it en mass.