When the bad financial news hit the world in 2008 Greece had a debt to GDP ratio of about 113%. That’s around where the US is right now, although with the monkey numbers all these countries use it’s hard to know how bad things really are.
Tag Archives | fiat money
Do you consider yourself to be free? Are you more free today than you were ten years ago? Twenty years ago? Do you think our society is moving toward more individual freedom, or away from it? What I see is steadily increasing regulation of every individual’s activities and what he is ‘allowed’ to do with […]
You and I probably read a lot of the same news sources, especially when it comes to topics of Freedom, State coercion and regulation of productive individuals and companies. So I’ll assume you have a basic knowledge of Bitcoins and how they function as a digital currency. Proprietary currencies have a long history and most […]
We trade our lives for money. We do it every day. Most jobs are just an agreement to spend a specified amount of time and educated effort in exchange for a specified amount of dollars, euros, pounds or other fiat. So at the very least you would want to believe that after you trade away […]