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RE: A Brief History of Taxes, Fiat money and The Chinese Proto-Socialist Emperor Who Ruined his Country waaay Before Marx was a Thing

in #economy6 years ago

I find it hilarious that all the FIAT detactors never mention the booming times of Tally sticks and the preceding Colonial Scripts which when Franklin went before the Parlament and was questioned on how there is no wanton suffering and poverty pouring out into every corner of America, like London, he explained that they issue their own money. Nobody that swears by commodity backed money can resolve the conflict of dwindling supply and the poverty and suffering that came with commodity backed king mandated coinage, which is THE reason, not any other reason before or above it, that America went to war over the divine right of kings. The problem though is that hardly anyone who utters the word money and currency can appreciate the LOLS of "commodity backed currency" and the needless ire at FIAT money.

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