Avatar
Weimar Artifacts
490af49078bd4831d3ec4b81f4aabd963ab44b11ab4217ebe0f0772af8d02e15
“A nursery of tyranny, corruption and delusion; a veritable debauch of authority in delirium”. Mirabeau about paper money. https://twitter.com/weimartifacts https://scarce.city/marketplace/physical

Made a new thing for inflation nerds.

From Stone Ridge letter:

Between 1971 and 2009 – bookended by a US President de-pegging the dollar from gold and a UK Chancellor

on the brink of his second bailout for banks – more than 50 hyperinflations devastated the lives of billions of

people, none occurring in an economy with a commodity-based monetary standard. During that 38-year period,

determining who owned how much electronic fiat was technically easy with trusted, central bank ledgers.

Tragically, the history of fiat currencies was full of central bank breaches of that trust. A trustless, decentralized

ledger, powering trustless, decentralized money, had been impossible.