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I don't give a s*** about outpacing other nations in the short term. That's exactly what it is short-term thinking I want a nation that exists forever. All nations ever have collapsed because of loose monetary policy. If you knew History so much you think you would know that....

S!ayer 7mo ago

Well you can't have it both ways. Either you have a classical economy that only grows when it extracts the wealth of another nation, or you go with localised models that issue debt, without risking reserves.

As mentioned, if you want to pay in hard currency or commodities, that's fine, but you only have a fixed supply of said commodities and when that runs dry, you'll have to seize it from others to facilitate your growth.

Want that new warship? Well if you're not issuing debt, then you're paying with gold, or Bitcoin.

Then you have a depreciating boat, no hard assets reserve and you collapse.

See British, Spanish, Portuguese

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𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖 7mo ago

Now you are finally understanding, yes, hard money doesn't work for central planning (communism)and government theft - this is why separating money and state is so important - in the US before 1913, the government was no bigger than the post office involved in people's lives.

In a hard money system (which we are returning to) Economic growth can only be actioned by those with hard money or by people doing proof of work. People who actually do the work get rich - that's why the saying pull yourself up by the bootstraps came from and how even people with regular blue collar jobs became quite wealthy still before the 1971 switch from gold.

There is no creating money from nothing to buy hard assets (fraud under contract law)...