Ghengis famously conquered the Song dynasty after one of the first paper money experiments in history.
Alexander financed his invasion of the Achaemenid Persian Empire with the silver from the mines of Laurion. His soldiers rebelled over pay several times. He also pioneered putting his face on silver coins.
Napoleon had to restore the gold standard in France after they hyperinflation of the Assignats during the French Revolution.
The US war of independence was financed by the inflationary Continental dollar. It was so disastrous that the US founders explicitly banned anything but gold and silver as money in the US constitution.
Don't even get me started on how Weimar Germany's hyperinflation contributed to the rise of Hitler... and what he did to the French Franc on occupied France...
There is so much correlation between easy money and the length and destructiveness of war...
The more you learn the more you will see it.
Nervos belli pecuniam infinitam.
Is silver Fiat ? .. I guess you are saying money is source of and cravings of war .. it has nothing to do with "fiat" per se .. of course greed is source of all fights .. Bitcoin is no different !
If you really want to discuss war and fiat .. let us baseline ..what exactly is the start of "Fiat Standard ".. I deem it 1971 when US officially unpegged from Gold and unleashed the modern era of productivity ..
I know for sure that (leather and paper) currencies are very old .. go back to the times of Mahabharata and and Muhammad bin Tuglak .. but that would be going around in circles because there is hardly any data as to if the wars were fought for GOLD ( and silver) ..or because they could fund the war with fiat .. I would say the first .. Gold was literally the reason number one to go on a war .. that led to may be some sort of IOUs ( currencies) .. but saying that currencies caused the war is like putting the cart in front of horse ..
Same today .. wars are being fought for OIL , or rare earth .. greed .. you can blame it on Fiat ..but the fact is ..YOU CANT STOP WARS BY WAGING ANOTHER WAR AGAINST FIAT :-) besides ..there is no hard data that modern moneytary system leads to more casualties .. just like more roads don't lead to more accidents - it is faster and reckless driving that leads to death and suffering !
Nobody said "saying that currencies caused the war" that is your strawman.
You did however say "Fiat has no connection to wars" and "The corealtion is like Chelostrol causes heart disease 😂"
The correlation is real and obvious. Is it causation? OK, we can debate about that...
https://primal.net/e/nevent1qqsfcc09zyn5vv63886eykykh9taluygfchlnx8sdrzfm4qy74gw3sc85pfex
My proposition is quite simple:
Incentives matter. Under a gold standard (or any type of hard money) rulers are incentivised to spend less on war. Under a fiat money system they are incentivised to spend more on war.
Does this mean that all fiat money governments will go to war? No. It's not the only factor in a very complex equation.
But it does mean that -ceteris paribus- you get LESS war under hard money.
A similar debate has been raging between historians over wether democracies tend to wage less war than dictatorships. This is similar, only for monetary systems.
It's not that hard to understand the debate... and once you start to look at the evidence you might be surprised how much there is.
People wil debate on anything and everything :-) .. that is why I said .. bringing such topics out are nice ways to grab attention ..to sell books or podcasts :-)
Correlation is actually there ..I agree .. but it is kinda "effect and cause " .. not "cause and effect" ..
Let me explain what I am saying ..
I see the deaths on road are rising ....there can be multiples CAUSES .... Say cuz people are driving faster .. or they are distracted on cell phones .. or they are over worked ....
Now here is genius idea ..
Hey why don't we limit the speed ? Sure we can make some rules .. but people are breaking the rules ..
What do we do now ?
Lets stop making better ENGINES :-) ...Cuz if we have bad engines , no one can anyway speed up the car ..
SO ..
Think of FIAT As ENGINE of modern productivity .. it unleashes industrialization at a10 x faster clips .. we can produce arms .. we can weed out poverty .. or we can go on wars ... Those choices are not those of Engine ..they are human choices ..
But we don't go on war because of fiat .. we go fight because there is something PRECIOUS out there that we want .. like oil , gold , Bitcoin , or rare earth ...
Cause is precious things and our greed .. it is not the engine !
No. I am definitely nor saying any of those things that you are guessing.
Lets go back to OP .. first post ..
The claim is "if we are on Bitcoin ..then they wont be able to fund wars ... "
That is a wrong framing ... Cuz it is the Bitcoin ( or gold ) that we are fighting for in the first place ... Precious things and greed ...
.. Fiat is the reason that we have less wars ... Cuz we can transact on VALUELESS PAPER ... And produce commodities such as wheat or rice ..that matter to people .. without having to hoard GOLD OR BTC ...
See my point ??
They are selling you "GREED is GOOD" .. system is bad ! .. classic
