WBTM on Nostr: Fiat money 💸 makes financing wars too easy. Take WWI: England issued bonds to fund ...

Fiat money 💸 makes financing wars too easy. Take WWI: England issued bonds to fund the war, but citizens weren't keen on backing the conflict. So, the Bank of England stepped in, buying over 50% of these bonds. This shows how governments can print money or create debt to fund wars, without direct public support. Scary, right? #FiatMoney #WarFinance #HistoryLesson jack mallers (npub1cn4…3vle) https://youtu.be/7O8WUV4SXEE