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Is hyper-inflation possible in a fiat-based economy?
Ryder Fisher
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Jackson Torres
What? It's only possible in a fiat-based economy
Carson Fisher
Oh look, a Yuropoor being retarded again.
Owen Ramirez
It's only possible in a fiat based economy. Just ask the chinks, who invented both fiat currency AND history first instance of hyperinflation.
Owen Hill
Germany didn't have a fiat-based economy during the hyper-inflation in the 20s.
Ayden Brooks
How is hyper-inflation not possible when the currency is backed by gold?
Robert Clark
i guess it depends on the fiat they use
Landon Gutierrez
>To pay for the large costs of the ongoing First World War, Germany suspended the gold standard (the convertibility of its currency to gold) when the war broke out. Unlike France, which imposed its first income tax to pay for the war, German Emperor Wilhelm II and the Reichstag decided unanimously to fund the war entirely by borrowing,[1] a decision criticized by financial experts such as Hjalmar Schacht as a dangerous risk for currency devaluation.[2]
Justin Watson
It's possible for any currency type. Even metal-based currencies simply because the state can change what the currency is based on for printing purposes aimed at facilitating its deficits.
Jayden Roberts
It’s inevitable in a fiat based economy
Rare Kang
William Powell
Inflation is still possible, as mentioned, by changing the conversion ratio or type of previous metal used. But it will still have an upper limit to that inflation. Run away hyperflation however, occurs in fiat based model
Juan Richardson
because you can't print more gold
Henry Cox
Papiermark was literally a fiat currency though.
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Wyatt Carter
Maybe all currencies should be backed by multiple assets, tracked by a non-gay blockchain-like system and maintained by non-governmental consortiums to avoid jews and psychos going wild.
Easton Thompson
Maybe money should be a private thing.
Caleb Wilson
>It's only possible in a fiat based economy.
No.
Adrian Price
No wonders you drool over socialism if you can't understand basic economics
Levi Scott
redpill me on precious metals
are they worth it?
Dylan Hall
that already exist it's named Forex and it doesn work
Samuel Davis
>if you can't understand basic economics
>i'm so better than you
go for it and explain what peoples don't understand my fat walking mouth ?
Isaiah Nelson
>maintained by non-governmental consortiums to avoid jews and psychos going wild.
But most non-governmental consortiums, companies, corporations and the like are already controlled by jews and psychos.
Levi Thomas
I keep saying! Only gold in hand is real! Over 90% of gold contracts are fake gold! Beware
Evan Wood
the other name is fiduciary money, from fides - faith
literally faith-based money
no faith, no value
Jaxson Gonzalez
are you retarded?
Luis Foster
and explain what the fuck does it have to do with socialism in all it's form ?
Jason Baker
How much longer can the US/world economy keep going?
It seems there should have been a reset years ago.
Jose Fisher
You can print more money which will still inflate if the gold that's backing the money doesn't increase in amount with it.
Lincoln Williams
It depends on the asset it is backed by. The US could back it's currency with energy or infrastructure (or hemp) and any advance in technology could dramatically change reserve.
Eg. if we go to a gold backed currency and mine an asteroid containing five square football fields of gold and we had a reliable (cost effective) way to get it to earth.
Thomas Price
Yes. Just print money and don't stop.