CarlBMenger on Nostr: Fiat is exclusively debt-based. This means that government debt is never repaid, but ...
Fiat is exclusively debt-based. This means that government debt is never repaid, but is constantly rolled over. To refinance debt, governments must issue more debt.
Thus, interest rates must fall over time and central banks cannot stop printing money otherwise the Ponzi fails.
Published at
2024-07-11 08:59:01Event JSON
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"content": "Fiat is exclusively debt-based. This means that government debt is never repaid, but is constantly rolled over. To refinance debt, governments must issue more debt.\n\nThus, interest rates must fall over time and central banks cannot stop printing money otherwise the Ponzi fails.",
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