Comment by ur-whale
11 hours ago
> De Gaulle initiated a systematic, aggressive policy where they converted USD into physical gold
The dude was a visionary for many things, but I didn't know about this. Borderline prescient. What a guy.
11 hours ago
> De Gaulle initiated a systematic, aggressive policy where they converted USD into physical gold
The dude was a visionary for many things, but I didn't know about this. Borderline prescient. What a guy.
Just like the majority of the classical economists and policymakers, you would call him a blithering idiot and overzealous nationalist two decades ago. It was thought that this kind of behavior caused world-wars. I mean it did cause them. It is just we're speed running the next one that changed the narrative.
This behavior is economically inefficient, that's why it's criticized. And it's undeniable
But the point is that "economical efficiency" is not the only metric that matters, stability and power do not come cheap.
I think many academics are often specialized in one area of their expertise and overfit in that dimension. Journalists pick this up and promote those views a bit too much. This results in non-optimal decisions due to skewed public perceptions.
We need to promote holistic thinking considering multiple dimensions and not just one where academics are proficient in.
2 replies →
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De Gaulle was not an overzealous nationalist. He actually ended French colonialism and started an alliance with Germany.
He was a patriot and very pragmatic. He knew France had been diminished. He had no time for delusional ideas.