Replying to Avatar Laser

They can "guarantee" the IOUs, just like they did on the previous gold backed notes.
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Laser 2y ago

Sure, but the masses have been conditioned to believe that the state is the ultimate authority, so it's most likely to turn out that way.

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kidwarp 2y ago

Goldbacks?

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Undisciplined 2y ago

Maybe, but really the masses are conditioned to trust fiat. If a gold standard comes back, then an enormous amount of conditioning will have been overcome.