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154. Fiat History with Niall Ferguson

The Bitcoin Standard Podcast

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The Germany of World War I

If Britain had not intervened, then German war aims would have been different. It's not likely that Germany would have attempted to annex all or part of Belgium. In a counterfactual world where the war is limited, it doesn't last so long, you actually avoid the Russian Revolution. At least you avoid a Russian Revolution that puts the Bolsheviks in power. That surely is a preferable world to the one we got. Absolutely.

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