Fiat Currency
August 22nd, 2007
Fiat money then calls into question the veil of money: Money ceases to be a commodity like others, and begins to have special and peculiar properties. Instead of focusing on production, investment and consumption, economic actors begin to attempt to divine the actions of government. Since actors can have foreknowledge of government actions in a way they cannot have of a market, this leads to economic efforts to bribe, control or curry favor with the entities holding fiat power.

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