@NRxNorth @Outsideness @AnarchoPapist nevertheless, it's not money. It's pure speculation, hoping for a greater fool
@HbdNrx @NRxNorth @AnarchoPapist It's (conservative) speculation upon the credibility and competence of the state.
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@Outsideness @NRxNorth@AnarchoPapist taxes give it immediate use value, backed by force. Not much speculation about the future required -
@HbdNrx @NRxNorth@AnarchoPapist There's plenty. The indefinite postponement of hyperinflationary currency destruction, at the horizon. - 1 more reply
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@Outsideness @NRxNorth@AnarchoPapist no need to worry about the usg 10 years from now. Gotta pay taxes now -
@HbdNrx @NRxNorth@AnarchoPapist That only requires a short-term dollar position, from some fraction of your assets. - 2 more replies
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@HbdNrx @NRxNorth@AnarchoPapist ... Or, more specifically, upon the effective authority of the USG. There's no other 'backing'.Thanks. Twitter will use this to make your timeline better. UndoUndo
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