GM

Major wars throughout history mostly involved financing strategies by currency devaluation. This practice dates back to the Roman Empire, although their process was more labor-intensive, involving collecting coins, melting them down, and minting new ones with reduced precious metal content. In contrast, the advent of fiat money streamlined the devaluation process, as it merely requires adjustments in a centrally controlled database, making it a more efficient means of manipulating currency value.

Both World Wars relied on extensive money printing to fund their colossal expenses. Most nations abandoned the gold standard to secure the necessary finances for the wars. Even the 17th-century Thirty Years' War was significantly financed through currency devaluation.

Warfare carries an exorbitant cost, depleting a government's finances rapidly. To continue funding it, governments are left with two primary choices: raising taxes or resorting to money printing. However, there are limits to increasing taxes, as it leads

to public opposition. In contrast, printing money may not have immediate repercussions, as its negative effects often manifest with a significant delay.

On a Bitcoin Standard, financing a war becomes exceedingly challenging due to the inability to print money.

You obviously don’t understand that fiat money enables endless war. Sound money does not make war impossible, but very limited since you run out of money very fast.

Calling people idiots but not even understanding the mechanics of money and war. You can do better.

Evening office vibes.

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Yes. And another for this!⚡️

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