Originally posted by aravoth
For you to even think that Fiat monetary units are a vital function of capitalism is by far the most uneducated, and ignorant BS I have ever seen anyone, post or say on any topic remotely related to economics anywhere. And I have literally been all over the world.
Hey, don't savage this poor kid too much. He might take it personal and complain to the Mod Squad and it will get removed.
And that would be too bad.
Because everything you have said is exactly right. Shall we say right on the money.
I get the impression astronomical amounts of American money are being spent like it's going out of style - because it really is going out of style.
They might as well owe 12 Trillion instead of 10 Trillion. Is there really any difference now?
Does Robert Mugabe worry when his inflation rate is at 369% up from 347% this morning?
Anyway, thanks for the information and insights.
Mike



