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Boris_Badenov /
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2024-10-31 01:10:18

Boris_Badenov on Nostr: "This time is Different: eight centuries of financial folly" Ken Rogoff. Great book, ...

"This time is Different: eight centuries of financial folly" Ken Rogoff.

Great book, extensive research on financial sovereign follies. Bottom line, every sovereign government that ran a deficit to GDP in the 120 pct range like USA either a) defaulted, or b) inflated their way out. No exceptions. #bitcoin
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