• EconMan
    2.4k


    Thanks. I agree. It reached it's zenith with the proponents of the "Platinum Coin Option" whereby congress creates a coin, declares its value to be whatever our national debt it at the moment -- lets say $20,000,000,000,000 -- then the Treasury deposits the coin at the Federal Reserve, for which the Fed has no choice but to accept it. The debt is paid off overnight.

    What bothers me... and worries me..... there are in fact some very complicated theories and concepts in economics, but heavy seigniorage is not one of them. It's very simple. Print excessive fiat money, and it's value falls. If it falls too much and faith is eroded.... Zimbabwe here we come!
    It is a disastrous economic theory that like bad chinese vapes, keeps resurrecting under different names.
  • justjustin
    405
    Are there any Gofire Beta Testers here? Will there be some new info soon? Really would like to see some videos and pics of an actual inhaler up close...
  • ssaucyc515
    764
    Ill have you know I'm a trillionaire in old Zimbabwe.
  • EconMan
    2.4k
    Sometimes, a picture really does say it all :nerd:

    zimbabwe-banknotes-100-trillion-dollars-front.jpeg
  • ssaucyc515
    764
    HOW COULD YOU EXPOSE ME D:
  • UbarDog
    974
    Thats when you start counting in 10 to the power of!
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