5 ms·
If I understand correctly, that has never happened with fiat money ever in the history of humanity, though. Hence the impetus to try something different and mo
by jMyles 5y ago
If I understand correctly, that has never happened with fiat money ever in the history of humanity, though.
Hence the impetus to try something different and more befitting the future of our species.
- gspr 5y agoWhat? Most well-functioning democracies have tasked their central banks with inflation targets.
- jMyles 5y agoToday, the dollar is the reserve currency of note across the world. That may be changing, but I imagine we can agree on that facet of today's global economy. So, do you think that the dollar - and specifically the inflation schedule and distribution mechanisms of the dollar - can be reasonably said to be under democratic, rather than plutocratic, control?
- gspr 5y agoThere are several well-managed fiat currencies in the world that do not rely on being the world reserve! EUR, CHF, GBP, NOK, DKK, SEK, to name some.