AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Gold Standard was never a gold standard. Fiat
i never used the word fiot money. We were on a dollar standard, and that was there for historical reasons or whatever. When we got rid of that sort of rule, we're now fine. So when you say fiat ok? What youreand i would say this to anybody, you know, you're thinking that these are green pieces of paper that are printed on a printing press. And that's not correct. These are liabilitiesof a bank somewhere, ok? And there's assets that are on the other side of the balance sheet too. Ok? Very goo.