Fiat Money | It's Impossible that it can Last Forever

#economics #money #inflation

The belief is nearly universal that money can’t be free. This implies that it must be controlled, regulated, manipulated, and created by the state. Money is the most important good in society. It’s nearly half of every transaction. Sound money is absolutely critical to the economy. Any manipulation by the state will wreak havoc. The fact that it’s critical is why it needs to remain free and unmanipulated.

Fiat money is controlled. The system of counterfeiting exists around the world. Controls are awful for the economy. If you understand price controls generally lead to shortages, you would oppose the central bank. The central bank ensures prices are always controlled. Not in the sense that a good has a price floor or ceiling. The other half of the transaction is manipulated if there is fiat money.

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