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But if there is a civil war, what were you going to be able to do with the USD anyway?




Interesting - I found this quantitative historical study [0] showing that while a civil war does significantly increase the likelihood of inflation, only 36% of countries analyzed which had a civil war between 1975-1999 ended up in an inflationary crisis. And with the USD having such a strong foundation, I would expect the risk to be significantly lower.

[0] https://kjis.org/journal/view.html?uid=302&vmd=Full


I am speculating wildly but I would expect the exact opposite due to different actors trying to destabilize the US to the point of no recovery in such an event.

> to the point of no recovery

Interesting, are you saying that the intentional use of USD somehow makes the US more vulnerable? What failure mode are you thinking of?


Exchange it for something else before the war started?



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