urubullish on Nostr: As a monetary system where its constituent units are easy for governments to produce, ...

As a monetary system where its constituent units are easy for governments to produce, fiat money breaks this natural order by breaking the link between work and reward. Instead of the market rewarding individuals for their work, valued by those they serve, fiat money makes monetary reward highly dependent on political obedience and the existence of networks of influence. Instead of learning to be productive, fiat money teaches us to wander through the intricacies of the political game.