Our money should be based on physical assets. Printing and loaning what you printed when there’s nothing to back it up is wrong. Not one major bank in the world can cover the money they’ve “loaned” out. Heck, I bet not one of them could cover the 10% they’re supposed to have. You can’t loan something you do not have and get payment for said loan. That is a denial of reality and is epistemologically evil.
My wife and I were talking about inflation.
I said something about fiat money.
She’s Keyensian (BS-Econ)
She said our money is based on nothing.
I said that isn’t true, it’s based on the taxability of the earnings over the next 3 generations.
She looked at me like I had three heads.
I agree 100%.