Money
What does it mean that we are not able to afford something?
I feel that as a nation it is only true if we are relying on importations. Otherwise what we have is limited by what we can produce?
La création monétaire est la quantité de collatéral acceptée par le cash.
Fiat currency #
In 1971 the dollar is not backed by gold anymore (which was a way to prevent the Fed to create too much money?) and becomes a fiat currency. Debt replaces gold. “Debt as good as gold”.