Liked, but I don’t get it
Discussion
Fiat money = public good. They can print more willy nilly and therefore redistribute the value randomly.
Correct me if I am wrong but, fiat money is created by the federal reserve, which is a private organization. The money they willy nilly print finances and their friends and families in Banks and Mega Corporations. It is Kings and Queens in disguise as corporations claiming to have more rights than human beings.
People finally pushed back against feudalism, then again slavery, then against child labor. The capital-wielders had to find another way…
Not exactly like that. Federal reserve banks are private but the federal reserve isn’t really private afaik.
There’s nuance to it, but the benefits are more that the fed gives a license to the commercial banks to print money.
It’s a revolving door between wall st, treasury, fed and congress