"fiat currency works in practice without the fig-leaf of gold reserves or the like" The practices employed by Central Banks are not fig leaves - those rules ar

"fiat currency works in practice without the fig-leaf of gold reserves or the like" The practices employed by Central Banks are not fig leaves - those rules are how we define money and are maybe the most important rules in any country. Those rules give credibility to the system, without which, it would collapse very quickly. When we move remove the central bank and politicize money, then, the economy is socialized by definition. That's not 'propaganda', that's just 'what it is'. [1] https://en.wikipedia.org/wiki/Hyperinflation https://en.wikipedia.org/wiki/Hyperinflation