Fiat money is debt and credit, since debt and credit are the two sides of a coin. Debt=Credit=Money in fiat money world. Or, there is no difference between fiat money and debt-based money, although Jim tried to differentiate. They are not different. Furthermore, fiat money is the way to go into the future in my view. Fiat money is about trust, which is what we need.
Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
