To study political economics of Fiat take the Eurozone complex as an example of our days. The base layer is an ideological (climatescam narrative-driven socialism and control state) that implements a currency pump (Eurosystem) to manipulate by bond buying or subsidies the price of money. The goal is the re-allocation of scarce resources (aka: energy) at the cost of the society into prefered sectors. On a large scale productivity suffers as this system crowds out productive capital to benefit nonsense.
To study political economics of Fiat take the Eurozone complex as an example of our days. The base layer is an ideological (climatescam narrative-driven socialism and control state) that implements a currency pump (Eurosystem) to manipulate by bond buying or subsidies the price of money. The goal is the re-allocation of scarce resources (aka: energy) at the cost of the society into prefered sectors. On a large scale productivity suffers as this system crowds out productive capital to benefit nonsense.