The Cultural and Political Consequences of Fiat Money
We can apply economic analysis to explain cultural transformation, and a particularly important example is fiat money. It has a very negative impact on our culture.
We can apply economic analysis to explain cultural transformation, and a particularly important example is fiat money. It has a very negative impact on our culture.
By u/Zladtmohican1 on Reddit Listening to the Fed chair speak today has helped me organize this thought I have had for awhile. We know that USD and all fiat currencies are inflationary, but many people do not understand to what degree when you account for deflation. We live in a deflationary world. Deflation defined here […]