> it's a fact that all countries aim to keep inflation at around the 2% to 3% mark
False [1][2][3].
> didn't Gaddafi of Libya try to introduce a Gold Dinar currency
He also began using every other currency than dollars. That’s how rebalancing works.
> Did any country manage to abandon their national fiat system without its leaders being assassinated or overthrown in a violent coup? Kind of suspicious
Pegged currencies and currency boards exist. Also, what are you thinking of? Because we haven’t had a working economy with a fixed-supply currency since the Industrial Revolution, for obvious reasons.
> no country will dare try the deflationary route. Why?
Did you miss the Euro crisis? Austerity is forced deflation.
> Why is it that only decentralized currencies without leaders were able to achieve this?
Straw man. Every time crypto crashes, they’re hyperinflationary in real terms.
“Blyth argues that the case for increasing economic growth through austerity is overstated, is counterproductive when implemented during recessions, and has exacerbated the Eurozone crisis.”
Yup! Unless you’re rich, deflation is historically cursed. (That said, I repeat that it hasn’t been proven to be bad.)
False [1][2][3].
> didn't Gaddafi of Libya try to introduce a Gold Dinar currency
He also began using every other currency than dollars. That’s how rebalancing works.
> Did any country manage to abandon their national fiat system without its leaders being assassinated or overthrown in a violent coup? Kind of suspicious
Pegged currencies and currency boards exist. Also, what are you thinking of? Because we haven’t had a working economy with a fixed-supply currency since the Industrial Revolution, for obvious reasons.
> no country will dare try the deflationary route. Why?
Did you miss the Euro crisis? Austerity is forced deflation.
> Why is it that only decentralized currencies without leaders were able to achieve this?
Straw man. Every time crypto crashes, they’re hyperinflationary in real terms.
[1] https://indianexpress.com/article/business/economy/rbi-targe...
[2] https://www.ceicdata.com/en/argentina/consumer-price-index-i...
[3] https://www.reuters.com/world/middle-east/turkey-inflation-h...