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.
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Wednesday, February 5, 2020
ProMarket — Americans Report Record Level of Trust in Banks and Big Corporations, But not in the US Government
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.
Our "banks" are not "capitalism". Fiat funny money is not "capitalism".
ReplyDeleteBob your “capitalism” is an utopia, never will exist. Give it up.
ReplyDeletelol... He's got his utopia but doesnt even realize it...
ReplyDeletethe whole thing is a libertarian shit-show...
There's nothing libertarian about needlessly expensive fiat.
ReplyDeleteAnd 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.