Here is a definitive conclusion:
Ask anyone who was earning a wage prior to Nixon's default on the currency (the end of sound money)
about how much they earned and how much their purchasing power was.
Ask anyone who was earning a wage prior to Nixon's default on the currency (the end of sound money)
about how much they earned and how much their purchasing power was.
No, I don't actually need to ask anyone living prior to Nixon, lol. Why? Because I already know the answer.
; the fiat system is based on slavery; we live in a dulocracy.In all slavery systems: over time the slaves are made to work harder for less, this fact is a result of the ignorance of the masses within the political structure (i.e. dulocracy) and it has nothing to do with technology.
I detect some sarcasm in your reply; what is the purpose? You need proof that you are a slave?
Since you are promoting slavery as the best system "economically", I am entitled to ask who benefits and what exactly is meant by "economically".
As I can see you decided to ignore the fact that "slaves to fiat" turn out to live longer and, on average, better than "slaves" (well, adherents) to "sound" money. Your question is meaningless since under slavery slave owners and slavers (i.e. sellers of slaves) are the primary beneficiaries...
But I think you are grossly misusing the term