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... only it doesn't work. Those models work very well on a short-term timescale. We have major upheavals every few hundred years. At that point, the fiat money
by gibba999 7y ago
... only it doesn't work.
Those models work very well on a short-term timescale. We have major upheavals every few hundred years. At that point, the fiat money in the bank account disappears. Once eradicated, the worm doesn't come back.
- sbierwagen 7y agoYou seem distracted by the use of the word “dollars”. No need to be so literal, they’re just using them as an abstract unit of value. It can be replaced with milligrams of gold or Satoshis without loss of meaning.
- gibba999 7y agoIt can. And that gold sits around until the Germanic tribes invade Rome and take it all. Major upheavals affect all systems.