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.
Which is why inflation is so dangerous.
It reduces the earnings of the upcoming generations that are supposed to be covering the debt.
The economy turns inward and Keyensians try to spend their way out.