Anon Archived What is the most laymans man way of explaining FIAT? (Monetary system, not the cars) (whatever)
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Anon Archived What is the most laymans man way of explaining FIAT? (Monetary system, not the cars) (whatever)
submitted ago by 3565146?
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[–] goatboy 1 point 1 point 2 points (+2|-1) ago (edited ago)
Fiat money is when you can buy a loaf of bread for a $1 dollar spec of gold, but government mercenaries take your gold, point guns at your and the baker's heads, and demand you exchange a piece of paper with $5 printed on it for the bread. In this, both the gold and the paper become less-and-less important than the mercenaries pointing guns at everybody's head.
Communism is the purest form of pointing guns at everybody's head and therefore the purest form of Fiat Money.