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You can't have free trade with fiat money
776 sats \ 5 comments \ @byzantine 26 May econ
As long as the base unit of the trading system can be manipulated a free trading system cannot emerge.
The trading system will either be manipulated by printed subsidies or will be manipulated by artificial exchange rates.
Free trading was available during a gold standard and free trading will become available again during a future bitcoin standard.
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21 sats \ 0 replies \ @guerratotal 26 May
Exactly. Fiat isn’t free trade — it’s concealed coercion. True free markets can’t exist when the measuring stick itself is constantly distorted. Hard money is the foundation of honest trade.
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0 sats \ 0 replies \ @flat24 26 May
I totally agree, I think it cannot be called "free trade" when they trade with money that is not free.
With really free money (Bitcoin) if we can say that there is "free trade" when people transacted between them.
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0 sats \ 0 replies \ @justin_shocknet 26 May
This is why they cite currency manipulation in the context of tariffs
#938529
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0 sats \ 0 replies \ @Undisciplined 26 May
That's an interesting point. There would always be a strong external incentive to race to the bottom.
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0 sats \ 0 replies \ @_Bubble_2009 26 May
This is obvious. With the FIAT currency, there will always be inflation and therefore free trade, both state and external, will not be possible
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