stefanogaspari on Nostr: “…the feature of the fiat system is that it treats future promises of money as if ...
“…the feature of the fiat system is that it treats future promises of money as if they were as good as present money because the government guarantees these promises” (q. Saifedean Ammous in The Fiat Standard)…
The amazing thing of this feature is that there is no controlling mechanism in the issuance of these future promises (debt)
Published at
2023-10-08 19:51:22Event JSON
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