Global Feed Post Login
Replying to Avatar walker

My 9 month old son looked me straight in the eyes today and said “dad, if the government never plans to pay the $35.4 trillion federal debt and keeps adding more, then the debt means nothing, right? But our entire monetary system is based on debt… so does that mean the fiat monetary system is based on nothing?”

What should I tell him?

Avatar
halalmoney 1y ago

Son, it’s based not just on debt, but also the threat of imprisonment, plutocracy, a dumbed down populace, perceived high exit costs, excessive conformity and bad incentives.

Reply to this note

Please Login to reply.

Discussion

No replies yet.