Posted To Mish Shedlock’s Blog 11/28/2022

The dollar is backed by the full faith of the US government and its productive capabilities and hence is safe so long as the government doesn’t end. Fiat is essentially perfectly ok so long as we don’t irradiate each other or allow some other chaos like the Trump idiocracy. 

And of course if you want to resolve all of our major economic problems and usher in a mega-paradigm change in profit making economic systems you should drop your orthodoxies and mind filters and advocate for the new monetary and financial paradigm of Direct and Reciprocal Monetary Gifting. Do you want to be a Copernican or die as a Ptolemaic economic pundit and delay the greatest progressive moment in economic history. Dare to think outside of the box.


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