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Civilization as Coordination at a Distance | The Aneesh Karve Series | Episode 7 (WiM286)
The "What is Money?" Show
How Much of the Debasement of Currency Contributed to the Blackouts?
Solomon: There were two blackouts in New York City where the power went out for at least 24 hours. One was in the early 60s and the second one was in 1977, I believe. And Seoul just makes a point that in the blackout in 1965, nothing really happened. Crime went down. Right smack dab in the middle is 1971, when we shifted fully onto a fiat paradigm. Solon: How much does the debasement of the monetary standard or the institution of private property contribute to the debasements of social cohesion and morality?
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