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Replying to Avatar Guy Swann

She literally uses the framing of multiple Austrian theories, explains them, and then discusses why fiat money actually exists for periods despite it seeming to violate some of those principles. And then develops a sort of unified theory. Arguing why the Austrian theory is right, but it’s the resulting characteristics, not the goods themselves, that make it a good money, and thus why fiat that isn’t horribly abused will work.

I think she’s completely right and have argued as such before her book on my show using numerous Austrian writers as the basis for making the claim.

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Tauri 10mo ago

If memory serves me right, there wasn’t a single citation from Mises, Rothbard or Menger. How is she framing Austrian theories without even mentioning the big three? And what’s with “money is a ledger”? If it’s a ledger, then in what units are the entries kept in? I think nostr:nprofile1qqsveeecfcysjpjwvayeudhtlymcat2t2ayn3zlfud2wgxn0lhpnd4qpz3mhxue69uhhyetvv9ujumn0wd68ytnzvuq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqg366ef was asking her this question over and over again and all he got in response were 🦗🦗🦗.

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