Thought experiment: what would have happened if we somehow were forced to be on a true, easily settled and sovereign hard money standard like #bitcoin after WW2? (Imagine #bitcoin somehow existed, never mind that whole internet thing)

Where would our productivity gains and wealth gone instead of where it did go? Would we have been richer? Would there have been more actual peace? Would we be less divided?

The story is that the US was a stabilizing force on the world. I believe that- and it’s not my intent to debate it. The point of the thought experiment is to play out the known innovation and wealth creation that DID happen but under a different monetary background.

(Don’t go all Taleb on me either- I know this is impossible to play out realistically… this is for the imagination)