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You do realize that modern fiscal policy near zero. Ergo, a dollar today is guaranteed, on the average, to buy just under a today's dollar worth of things next
by thatthatis 14y ago
You do realize that modern fiscal policy near zero.
Ergo, a dollar today is guaranteed, on the average, to buy just under a today's dollar worth of things next year.
Ergo, a modern dollar is about the closest thing to a guaranteed exchange value that the world has ever seen.
- Houshalter 14y agoYes, it is a huge economy that has decades to stabilize, unlike bitcoin. My point is that it still isn't backed by anything. There is absolutely no guarantee that it will buy anything next year except what people next year are willing to give you in exchange for it (which could change due to a lot of factors.) Being stable in value, and being guaranteed to have value are two very different things.