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by fedeb95
1310 days ago
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If you think about it there's not much difference between fiat money and something pegged like a gold standard. Rich people and the government control it. According to "standard" economists having the gold standard was bad because you couldn't print more money than the total gold around, thus making for an inefficient system (that's the way I got it). Today the theory that fiat money is worthless is pushed by people deeply invested in crypto, because lot of crypto have a fixed market cap. Whether something is better or not I don't know; just think that in both worlds there's people profiting off their theory acceptance, so be careful out there |
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