"Go on Kruggy, clown it up." "I can do that?" "Sure, go on." "Governments have occasionally abused the privilege of creating fiat money ..."https://www.nytimes.com/2018/07/31/opinion/transaction-costs-and-tethers-why-im-a-crypto-skeptic.html …
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... "If you like, fiat currencies have underlying value because men with guns say they do." -- Krugman's in your face fascism is weirdly cute.
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Replying to @cyborg_nomade @Outsideness
remember, this is the guy that said that the internet would be "no more revolutionary than the fax"
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Replying to @cyborg_nomade @Outsideness
You know, Russia is buying gold. Not crypto.
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Replying to @DividualsTweet @Outsideness
why is Russia's investments more important to the shape of the future than what's happening in East Asia or the Pacific Anglosphere?
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Replying to @cyborg_nomade @Outsideness
Because they are immune to krugmanology, mainstream mediology, Cathedrology. Not sure if PacAnglo is.
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Replying to @DividualsTweet @Outsideness
let's be honest, they just have a different cathedral, openly wedded to their version of Krugman and mainstream media. nonetheless, still not sure why the Russians are more relevant than East Asians.
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Replying to @cyborg_nomade @DividualsTweet
Not sure "a different cathedral" ultimately works as a concept, since the Cathedral is a socio-cultural singularity. (But, sure, they've got something.)
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Replying to @Outsideness @DividualsTweet
what's the Orthodox term for a state church? but, sure, I didn't use the capital C to avoid confusions (clearly ineffective).
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A state church presuming divine mandate to punish savers for their (bourgeois prudential omnisex-negative) "cash preference" is a very special thing.
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