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What even is “democratic money”? We live in a plutocracy, do we not [1]? > whole point of a fixed supply is to make money exclusive In this case, it’s to obvi
by atweiden 5y ago
What even is “democratic money”? We live in a plutocracy, do we not [1]?
> whole point of a fixed supply is to make money exclusive
In this case, it’s to obviate the need to take your inflationary funbucks to what is essentially a casino, or otherwise park it in residential property in the hopes of not getting debased.
[1]: http://www.princeton.edu/~mgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf http://www.princeton.edu/~mgilens/Gilens%20homepage%20materi...