SimplifiedPrivacy.com on Nostr: The issue with fiat money is the money itself is debt. Debt exists in time. So yes ...

The issue with fiat money is the money itself is debt.

Debt exists in time.

So yes you’re correct you borrow against time, but the bond yield curve is really a measurement of how much money exists now vs the future. When the liabilities are now, and the assets are in the future, it’s a bust.

It’s not “impossible to avoid”, the answer is the money supply has to be an asset... and not debt