this post was submitted on 27 Mar 2022
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u/Rayiull - originally from r/GenZhou
I saw a video someone recommended here or on the other sub that explained how FIAT works, how an economically sovereign country can print relatively infinite money without repercussion, and it also explained how money got value due to taxation and a menace of violence; examples with Japan and their 200% debt to GDP ratio, UK and the head of the National Bank explaining how they could print x amount of money for the government, etc.

I found the video to be really good and, shame on me, forgot to save it.

Infinite amount of gratitude for the one that shares the video with me and the sub.

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