He's talking about something like a 1930's Germany labor based fiat currency vs. the federal reserve system. Both remain mediums of exchange, yet both are backed in completely different ways which cause completely different complications.
He's talking about something like a 1930's Germany labor based fiat currency vs. the federal reserve system. Both remain mediums of exchange, yet both are backed in completely different ways which cause completely different complications.
Oh I see. My apologies then. We are saying the same thing.
Thanks for the clarification.
Oh I see. My apologies then. We are saying the same thing.
Thanks for the clarification.
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