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0 pointsadmax88qqq4y ago0 comments

I can only be exploited by people with massive resources. There's not that many people or companies in existence. It's not the same as a software bug that can be exploited by any random hacker

Lots of society still relies on people behaing well overall with the few outliers being ostracized or outlawed when they don't.

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JumpCrisscross4y ago

> can only be exploited by people with massive resources

Not true. Unrealistic pegs paired with reams of floating-rate debt always break. See the Asian and Russian Financial Crises [1][2].

We discuss those as financial crises, not a man breaking a central bank, because they (a) don’t have a narratively-convenient antagonist and (b) aren’t Western central banks.

[1] https://www.britannica.com/event/Asian-financial-crisis

[2] https://en.m.wikipedia.org/wiki/1998_Russian_financial_crisi...

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