> I think we should have had a sound money system from the start
I'm not Keynes expert (and probably should consider catching up) but I don't think this outcome was a secret. I think they left a backdoor and every financial incentivized leadership class learned how to exploit it for their benefit.
The problem with sound money, is it's fair, it's equal. That's not tongue in cheek this time. The government will always see a reason to "borrow" money from it's people with little/no intention of paying it back. Almost always in the case of war. And it's something the people will _always_ concede to. Well you don't want to be taken over do you?
Recently read a bit about State Street and the US civil war, worth some exploring with something a little more verbose in comparison to the world wars where modern politics was in mostly full swing.
A very large part of the US civil war was currency, the value of it, and who could print it faster, or who had a larger printer.
