An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
There's nothing libertarian about needlessly expensive fiat.
And by being for needlessly expensive fiat, the Austrian Economists are actually PRO-bank since otherwise citizens might use fiat itself in account form and not have to use private bank deposits, mere liabilities for fiat.
4 comments:
Our "banks" are not "capitalism". Fiat funny money is not "capitalism".
Bob your “capitalism” is an utopia, never will exist. Give it up.
lol... He's got his utopia but doesnt even realize it...
the whole thing is a libertarian shit-show...
There's nothing libertarian about needlessly expensive fiat.
And by being for needlessly expensive fiat, the Austrian Economists are actually PRO-bank since otherwise citizens might use fiat itself in account form and not have to use private bank deposits, mere liabilities for fiat.
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