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Fiat money is money that derives its value from government regulation or law.
"Unhindered by external regulation or control by government or monopolies."
Originally posted by JrDavis
I really hope you don't think we live in a free market system.
Originally posted by zigguratvertigo
I live in the UK where we have free healthcare, free prescription medication (in some areas), and free dental (although in reality, you can't find a dentist who does "free" work). I'm not going to suggest we have the better system. My opinion is that the National Health Service in the UK is still pretty good by and large.
We do however have issues with health care professionals essentially euthanizing elderly patients and being given financial rewards for doing so. The system is called Liverpool Care Pathway, and NHS trusts using the system can get paid millions of pounds for hitting their targets. The usual method of murder involves the removal of hydration and nutrition from dying patients.
So it appears we have the same problem as the states. I suppose in about 20 to 30 years I can look forward to some jackass pulling my tubes out and telling my son "It's for the best".