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201 sats \ 3 replies \ @gmd 8 Apr \ on: Time preference - Mises Wiki econ
My general objection is the underlying appeal to authority or tribalism that I see so often. IMO stuff is too quickly labeled to be "shitcoinery" or "fiat" that have absolutely nothing to do with Bitcoin- they just don't fit in with that poster's local echo chamber (even when I agree with them more often than not). The underlying assumption is that if you don't agree with X line of thinking you must be a shitcoiner, so fall in line. I think most of the time, stuff attributed to fiat thinking or fiat mentality is much better attributable to flaws in human nature to which we are all susceptible. Nothing intrinsic to economic policy or hard money.
I think my reflexive distaste for tribalism is that so many people seem to have decided their stance on political topics based what their tribe has pre-determined be "liberal" vs "conservative", when I think an alien looking at these topics from a distance wouldn't have picked the same labels on a topic by topic basis.
I generally agree with that. One counterpoint I'd offer though, is that "fiat" is not inherently about money. It just means something only has value because the ruling class said it does. That does apply beyond money, but people often first see it in money.
Once the idea of "fiat" takes hold people start seeing it everywhere.
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Great point.
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I hear you.
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