Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Sure, we would certainly have less wealth in the absence of easy money. But we had paupers, merchants and nobility for several millennia's worth of limited quantities of precious metals being the only money, so it stretches credulity to pretend that hard money has any kind of egalitarian upside other than levelling down.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: