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I am a person who literally doesn't believe that fiat currency and all of its consequent BADNESS is intentional or conspiratorial. I think it's just naively applied, lousy academic theory. It unsurprisingly didn't work out. And now we fucked ourselves generationally. Conspiracy theories make a lot more sense than mainstream explanations, and make slightly less sense than UNAPPLIED alternative theories.

We are probably just unsolvable. And we are less unsolvable under conditions where people can arbitrarily decide what THING is valuable while another group of people can just print up that THING in MAGNITUDES beyond baseline humanity's ability to cognitively grasp.

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Discussion

Delta, Dirac 1y ago

Ironically, the belief in conspiracy theories is an argument in favor of legibility and controllability of complex systems, which is a rather strong acquiescence that statists are generally correct in their base principles. Lol. Horseshoe theory of statism?

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Bitcoin Sikho 1y ago

Nah bro, you got it wrong. The creature of jekyl island tells you the whole story of how the fed was created and who wanted the money to be controlled

fiat, it’s one of the best ways to manipulate and transfer wealth

This was all designed to work this way, I mean not in our favour at least

ShiShi21m 1y ago

Central banks didn't invent currency or debasement though - they just harnessed the potentiality they wanted.

Bitcoin Sikho 1y ago

They just enabled fiat currency and debasement at a scale never seen before.

MAHDOOD 1y ago

I think the establishment of the federal reserve was truly evil. They met secretly on Jekyll island and wanted to control the money supply. You can make the argument that maybe those bankers truly thought it was a good thing for the world but I doubt it. But I agree with your other points because there are people that legitimately believe socialism can work. I think the rest of the fiat shenanigans are just people following incentives.

kuiperbelt 1y ago

It's created by incentives.