- Comic book superhero now runs Argentina

K-Dog · Jan 23, 2024, 06:03 PM

A ton of rice is hard to counterfeit, but if if is a more stable reservoir of value than what we have now it is a superior form of money. Despite the bulk. Like gold and silver used to be. A stable reservoir of value is notably hard to define in a capitalist system. Here the imaginary market becomes real. 'The market' kicks around the reservoir value of money like the ball in a football game.

Instead fiat money had to be invented to support our capitalist upper class who would have gone broke otherwise.

The cyclone that carried Dorothy to the Land of Oz represents the economic and political upheaval, the yellow brick road stands for the gold standard, and the silver shoes Dorothy inherits from the Wicked Witch of the East represents the pro-silver movement. When Dorothy is taken to the Emerald Palace before her audience with the Wizard she is led through seven passages and up three flights of stairs, a subtle reference to the Coinage Act of 1873.

Can fiat money work in a steady state economy?

- Comic book superhero now runs Argentina

K-Dog

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