Sounds like high time preference thinking to me.

China opened trade with the west when they were on a silver standard and the west was on a gold standard. That difference in money hardness led to what Chinese history books call the Century of Humiliation.

Do you want government to adopt first with a century of humiliation for the people or people first with a century of humiliation for governments?

I know my answer. After all, governments held the monetary control for the last 100 years and the people have already had a century of humiliation.

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