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Why is that? Simply because of the current distribution? That doesn't matter much, what matters is what the system incentivizes. Fiat incentivizes bailouts and
by ric2b 9y ago
Why is that? Simply because of the current distribution? That doesn't matter much, what matters is what the system incentivizes.
Fiat incentivizes bailouts and devaluing poor people's savings by printing (or QE'ing) money into gigantic financial middle-men.
- drngdds 9y ago>poor people's savings I've got some bad news about poverty for you, buddy