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That assumes people are unaware suckers and would still only be true for a short time under metallist economies (until word gets out). My entire point was that
by arrosenberg 4y ago
That assumes people are unaware suckers and would still only be true for a short time under metallist economies (until word gets out). My entire point was that it doesn’t work that way with fiat currency. Demand is driving inflated prices, but the money isn't being debased, the supply is increasing. Congress could remove the extra cash with taxes, which you cant do with debased coins, they have to be reminted entirely.