An Honest Account of Fiat Money


“While sovereign money has undeniably led to a lot of abuse, as evidenced by instances of hyperinflation, seizures or capital controls, the absence of all control brings problems of its own.”

Today we begin an excellent short series by @zhusu and @hasufl with their article “An Honest Account of Fiat Money.” Join us for a great read followed by my lengthy rant about the ethics of a money susceptible to political inflation. XD

Drop some applause on the article and get a heads up on tomorrow’s episode with part 2 on @Hasufl’s medium page:
Part 1 – An Honest Account of Fiat Money
Part 2 – Unpacking Bitcoin’s Social Contract

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