I try to take that sort of zoomed out perspective. However bad those events were for the people who had to survive them, pretty much everyone did survive them and society didn't devolve into roving bands of marauders.

Agreed. And if you study even the hyperinflation events (Moldova, Japan, Argentina, Russia, Weimar, Zimbabwe, Greece, etc), they don't play out like the sub-species of Bitcoin Twitter Austrians like claiming. That group has a habit of scissoring small time frames that fit their narratives and dismiss the decades of context prior to, and especially after the events. 

mallardshead

bitcoin

so what if all the crisis, hyperinflation, and collapses don't play out tho?

tenderscore

We're strongly hardwired to exaggerate downside risks, because they're more relevant to survival than upside potential. The worst economic downturns rarely even amount to a 10% reduction in prosperity. That means people generally retain 90%+ through economic crises.

The kinds of catastrophic scenarios many people forecast have only really happened when small pox ravaged the Americas or when the Black Death devastated Eurasia. 