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  1. Embed this notice
    feld (feld@bikeshed.party)'s status on Sunday, 07-Jan-2024 04:03:28 JST feld feld
    • The Doctor
    • lcamtuf :verified: :verified: :verified:
    • Chris Adams
    • Ron Bowes
    @drwho @acdha @iagox86 @lcamtuf anyone who thinks the world economy is going to be based around a sending/receiving currency day to day that cannot be recovered in fraud situations is insane. The world is too complex. We need layered money. We just need to fix the layer that allows the government to cheat us. The government should *not* have absolute control over currency issuance like this. It always ends in disaster. The American founders knew this and warned about it.

    > Jefferson to John Taylor in 1816: "And I sincerely believe with you, that banking establishments are more dangerous than standing armies; & that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale"
    In conversation Sunday, 07-Jan-2024 04:03:28 JST from bikeshed.party permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Monday, 08-Jan-2024 04:31:44 JST feld feld
      in reply to
      • The Doctor
      • lcamtuf :verified: :verified: :verified:
      • Chris Adams
      • Ron Bowes
      • Worik
      @worik @acdha @drwho @iagox86 @lcamtuf calling the USD that has lost 98% of its purchasing power since 1971 "stable" is gaslighting
      In conversation Monday, 08-Jan-2024 04:31:44 JST permalink
      lainy likes this.
    • Embed this notice
      Worik (worik@mastodon.social)'s status on Monday, 08-Jan-2024 04:31:45 JST Worik Worik
      in reply to
      • The Doctor
      • lcamtuf :verified: :verified: :verified:
      • Chris Adams
      • Ron Bowes

      @feld @acdha @drwho @iagox86 @lcamtuf

      > The government should *not* have absolute control over currency issuance like this. It always ends in disaster. The American founders knew this and warned about it.

      The current iteration of the USA$ has been very stable, through crashes and booms

      A central bank setting rules for credit creating independent banks turns out to work better than anything ever tried

      Who else but the state can set those rules?

      In conversation Monday, 08-Jan-2024 04:31:45 JST permalink

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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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