by shinnosuke » Mon Mar 21, 2022 9:38 am
The article closes with:
"Five-cent coins, after all, will always be five-cent coins. In the 1930s, a nickel could get you a bottle of Coke. In the ’60s, it could get you a stamp. In the ’80s, it could get you a piece of gum. But good luck finding anything for that much these days."
Which shows that the writer has completely (willfully?) missed the whole point of stacking good money (driven out of the market by Gresham's bad money) in the first place. What changed, the composition of the nickel itself or the amount of Federal Reserve Hiney Wipes in circulation? Saahil Desai earned himself a pat on the head from his bosses and the smug subscribers of The Atlantic can continue to look down upon us from their vaulted palaces. All's well in their world.
I mean the article is in The Atlantic, a publication not exactly known for being a stalwart defender of our God-given rights. We shouldn't expect "that they should declare the causes which impel" us to stack.
“Google is what happens when we pool information energy on a software network. Everyone understands this. Bitcoin is what happens when we pool monetary energy on a software network. Few understand this.”
Michael J. Saylor