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by hammock 2437 days ago
> if I sell $2 for $1 that’s a false market

You're assuming that there is some objective value of a dollar, and that all dollars are worth that same. These assumptions are not necessarily true. Rather, they are myths that are propping up the current system.

1 comments

Can't believe I got downvoted for this. Would be worth a whole blog post. Start with the fact that only approved banks have access to the "cheap money" that the Fed loans or are targets of the Fed's open market operations.

Or, start with the phrase "bad money chases out good."