Replying to Avatar Jaret

Really good summary.

Fiat has a critical 4th property:

System of Control

Rule of 72 (72/Inflation Rate) would be a good principle to discuss around purchase power theft. E.g 72/10% = 7.2 years to your money being cut in half if you do nothing about it. That is simplified but…

🤙well done.
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Canadian Orange Party 🟠 5d ago 💬 1

Well said. Primary function of fiat currency is as a control system

Coincidentally, 8.5% inflation means your purchasing power halves in 8.5 years

Thanks for listening 🙏

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Jaret 4d ago 💬 1

It’s absolutely bonkers. Look forward to your future episodes.