sooly on Nostr: Clueless People are still eager to loan the government money, but let’s not pretend ...

Clueless People are still eager to loan the government money, but let’s not pretend it’s a sign of a healthy system. Sure, in theory, fiat could maintain its value if the government ran a tight ship—balanced budgets, no new debt, zero inflation. That’s possible on paper. But in the real world? Governments will never control their spending. They’ll never choose to live within their means because it’s far too easy to just borrow more.

So your pensions, banks, and family offices keep throwing money at a government that will eventually be forced to print its way out of the mess. Voluntarily loaning them money today just means you’ll get paid back with inflated, devalued dollars tomorrow. It’s not a question of if, it’s when. Fiat is designed to fail because the people managing it are incapable of restraint. You can dream of zero inflation all you want, but as long as governments are involved, inflation is the only guarantee.