US Debt (General)

by dulan drift ⌂, (7 days ago) @ dan


- No Intrinsic Vale: its value is derived from the trust and confidence that people have in the government and the economy that issues it.


- Flexibility: Governments can control the money supply, which can be used to influence economic conditions such as inflation and interest rates.

I have zero fucking trust in big-government, so if that ever catches on it's not gonna be pretty for fiat currencies.

It's a good description - lays it out plain - especially the no intrinsic value bit. Fits well with us being trapped in an unreal reality.

The ultimate currency, imo, is usefulness. Teaching is a useful thing - a lot of things are - building, art/entertainment, farming, mud-brick making, etc - but a lot of things that get paid fiat currency, aren't particularly useful.

Fiat currency creates an environment in which they can flourish, grow inordinately powerful even. That's the unreal world we are now required to live in.


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