Tuesday, 12 January 2010

Fiat money is not real

Fiat money has no substance and its value is not derived from taxation. Why would the Government want it? It is a kind of myth, and one that is not sustainable and must crash, hyperinflate. It is not real. If it were real, the actual problems of Society would be more transparent because wealth (or at least value) would not be possible to print... Which leads to (helps to sustain) magical thinking.

So then, why do people value Fiat?

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