“Money shouldn’t be something that holds value over a long period of time. It sh

–“Money shouldn’t be something that holds value over a long period of time. It should be something that loses value at a slow, predictable rate. Investable assets are what gain over time, and ideally those should be productive assets.

If you can earn a positive return on money over time, society is literally just paying you to sit there and hoard cash and do nothing. Only investing in productive assets should give you a positive return in the long run.

People who demand that society fork over an ever-increasing amount of its resources to people who sit on cash and do nothing with it are demanding INFINITE FREEBIES. Why should society give you infinite freebies?”–Noah Smith @Noahpinion

My opinion’s the same on fiat vs private. That does not mean that there is no place for digital. Particularly in fiat – if only to solve the unbanked and unbanking problem, the rents that are collected by institutions for transaction processing, and the ability of the treasury to distribuite liquidity to counter decline in demand. But that digitia fiat must be so rigorously constitutionally defended that even proposing ‘policing by money’ is a crime against the people.