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Never it’s fiat money therefore all debt is illusory in spreadsheets predominately but nobody wants to go in and change the valuations or formulas with any effi

Never it’s fiat money therefore all debt is illusory in spreadsheets predominately but nobody wants to go in and change the valuations or formulas with any efficacy… The top of the top investor class is pretty much dying off with their estates structured like a CDO inside of a CDS hidden in a tranche pinned to both LIBOR and the Japanese birth rate, divided by the number of penguins in the San Diego Zoo. After the disaster of higher education in the US getting unsustainable bloat thanks to Federal backing for debt but not ways to earn income (sorry Boomers vote their own interests and have Gen Y n Z pay for it)…it would be a great sign of financial integrity and creditworthiness as a nation to hurry up and treat that debt like prohibition - didn’t work, change it.

ram4jesus 3y ago
I don't like fiat money but wouldn't money tethered to an actual value store like silver or gold limit credit and future spending? Or is that some fiat-propaganda I've fallen for?
- lazide 3y ago
  That’s literally the point, hah. Can’t over inflate something that is impossible to over inflate. That said, historically this ‘problem’ would be solved by conquering a neighbor or new land and stealing all their gold/silver, or debasing the currency bit by bit through slicing bits of metal off coins or melting impurities into them.
- johngladtj 3y ago
  It's bullshit used to excuse and justify Fiat money. There is no reason for a dynamically expanding money supply to exist (or even an expanding money supply at all). Ultimately what actually matter is the goods and services being bought and sold, their price in whatever currency you use is irrelevant because the actual value remains the same.
  - tastyfreeze 3y ago
    > There is no reason for a dynamically expanding money supply to exist This has been known since at least Sumer. The consistency of weights of measure is vital for a fair, durable, sustainable economy. Adjusting the ruler of trade only benefits the adjuster.

ram4jesus 3y ago

I don't like fiat money but wouldn't money tethered to an actual value store like silver or gold limit credit and future spending? Or is that some fiat-propaganda I've fallen for?

lazide 3y ago
That’s literally the point, hah. Can’t over inflate something that is impossible to over inflate. That said, historically this ‘problem’ would be solved by conquering a neighbor or new land and stealing all their gold/silver, or debasing the currency bit by bit through slicing bits of metal off coins or melting impurities into them.
johngladtj 3y ago
It's bullshit used to excuse and justify Fiat money. There is no reason for a dynamically expanding money supply to exist (or even an expanding money supply at all). Ultimately what actually matter is the goods and services being bought and sold, their price in whatever currency you use is irrelevant because the actual value remains the same.
- tastyfreeze 3y ago
  > There is no reason for a dynamically expanding money supply to exist This has been known since at least Sumer. The consistency of weights of measure is vital for a fair, durable, sustainable economy. Adjusting the ruler of trade only benefits the adjuster.