They can imagine into existence all the fiat they want, but it'll instantly become as valuable as the paper it isn't printed on, if they aren't taxing transactions for things of intrinsic value. Just look at Zimbabwe. Or any other communist money-printing scheme that caused hyperinflation.
BMN003 0 points 4 hours ago
They can imagine into existence all the fiat they want, but it'll instantly become as valuable as the paper it isn't printed on, if they aren't taxing transactions for things of intrinsic value. Just look at Zimbabwe. Or any other communist money-printing scheme that caused hyperinflation.