I am old enough to remember when we made fun of fiat money in Communist Russia. We had entirely fiat money then, but it was just a "temporary" suspension of convertibility to gold- which became permanent.
I recall that the issue was that Western currency had market pricing relative to other Western currencies. In Communist countries, the currency had a set value relative to the dollar that had no bearing on reality.
Pelosi is an actor. Law and the Constitution are irrelavant, she presumes the rampant stupidity and emotional investment of the apparatchiks. Besides, she probably didn't say this, it was generated from her Switzerland AI ticker tape.
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I recall that the issue was that Western currency had market pricing relative to other Western currencies. In Communist countries, the currency had a set value relative to the dollar that had no bearing on reality.
« First « Previous Comments 22,934 - 22,973 of 42,535 Next » Last » Search these comments