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The Rule of Law Is a Primary Thing
The rule of law as this is this primary thing. It comes before money even enters the table, right? Theres going there's always a biggest dog on the world's stage. So why wouln't you store money in some little, like, off brand currency who doesn't really have the sort of global rule of law backing? That eventually comes down to kind of mite makes right. And so i think that the implied value of the dollar is the fact that it is backed by a legal and regulatory frame that is a known quantity.