tag:blogger.com,1999:blog-17913545.post142157555459004660..comments2024-02-02T06:15:27.813+10:30Comments on the new ussr [illustrated]: a hodgepodge of claptrapStewarthttp://www.blogger.com/profile/08994304766961822770noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17913545.post-47873266694698514842007-11-28T23:27:00.000+10:302007-11-28T23:27:00.000+10:30Hi - yes, i've read a little on fiat money since. ...Hi - yes, i've read a little on fiat money since. It seems tailor-made to generate or feed into conspiracy theories, and tricky to argue against, especially when you find high finance as boring as I do.Stewarthttps://www.blogger.com/profile/08994304766961822770noreply@blogger.comtag:blogger.com,1999:blog-17913545.post-2318532478575612962007-11-26T20:51:00.000+10:302007-11-26T20:51:00.000+10:30Hello, had a look at your blog, because I was remi...Hello, had a look at your blog, because I was reminded about it because we are maybe going to do talks again. Anway, strictly speaking, your elderly friend was right about 'fiat money'. It's only worth anything because the government says it is, rather than being inherently valuable in any sense. This is something extreme Libertarians are often worried about for a number of reasons, one of the slightly more sensible ones being that fiat money is easy to make more of (literally you just print it) which can create almost infinite amounts of inflation. They want to go back to sheckels and pieces of eight, I belive....Anonymoushttps://www.blogger.com/profile/10757946660378048847noreply@blogger.com