ALL money is created out of thing air. Gold? Someone pokes in a river with a pan, creates currency from nothing. Government printing dollars? From nada Bitcoin? Someone does math, creating currency out of nothing. Fractional reserve banking? Same.https://twitter.com/brabakr/status/994681435133952000 …
-
-
if you make that an integral part of your economy, as e.g. the 20s, then it comes back to bite you when the loans come due. creates incentive for gov to unback the currency, in order to let inflationary policies continue into infinity. destroys interest rates as market signal.
-
This Tweet is unavailable.
- Show replies
New conversation -
-
-
This Tweet is unavailable.
-
This Tweet is unavailable.
- Show replies
-
-
Show additional replies, including those that may contain offensive content
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.