209 sats \ 1 reply \ @Undisciplined 8 Apr \ parent \ on: Time preference - Mises Wiki econ
I generally agree with that. One counterpoint I'd offer though, is that "fiat" is not inherently about money. It just means something only has value because the ruling class said it does. That does apply beyond money, but people often first see it in money.
Once the idea of "fiat" takes hold people start seeing it everywhere.
Great point.
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