@DavidLat Many have argued that fiat money is inherently evil, but history tends to show it works. No way to know the future for sure though
People who know a lot about the economy: Is Stockman right? I hope not.... http://nyti.ms/10qZVmb (via @sewellchan)
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@JoeKamien: I don't have a huge problem w/fiat money. But I do wonder: how & when (if ever) will Fed get its balance sheet (cont.)
End of conversation
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