Global Feed Post Login
Replying to Avatar Guy Swann

This is an absurd statement, imo. Printing money literally does **nothing** for the economy and axiomatically cannot. You have conflated digital payments with the idea of fiat, which aren’t related at all. Fiat is simply the side effect of digital payments without genuine digital money.

In place of real money, we got authority as a bandaid with a huge set of unintended consequences.

I think you have made a very fundamental error between payments and money. Fiat has literally nothing at all to do with technological progress or economic growth. To the contrary, it has done nothing but stifle it rather remarkably.

Avatar
Guy Swann 1y ago

And if you think the basics of money are “utopian thinking” then I’d argue you have brought in a bunch of silly things that you believe and projected them on me. Nobody said anything about utopia.

Reply to this note

Please Login to reply.

Discussion

da
Rand 1y ago

Guy Swann is part of my utopia! ffs

Avatar
Guy Swann 1y ago

We shall reach the promised land!

Thread collapsed
Thread collapsed