The Pain of the Fed's Ponzi

Mises: Money is the most liquid of commodities, trades that par with no discount due to time. Austrians talk about it in terms of Mises' regression theorem and it being a commodity. And what are the shitbags that have built this world done? They've always tried to earn more money from the opportunity cost of creating new monetary units. Right. That is the Eurodollar system writ large,. It only gets worse if the, if the issue of Euro dollars goes to the zero bound, then the Ponzi can go to infinity. Absolutely.