Fiat ruins many things, but among the most egregious is elder care. Nursing homes do not cut it. You cannot pay someone else to care about your family as much as you do.
grey
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Visionary
“Since production must always precede predation, the free market is anterior to the State. The State has never been created by a “social contract”; it has always been born in conquest and exploitation.” - Murray Rothbard
If your great-grandmother wouldn’t recognize it, don’t eat it.
The first time I read The Fiat Standard, I skipped the chapter on Fiat Architecture. Just didn’t seem interesting/relevant. Now I get it…
Taleb has become one of my favorite writers. How did he not see through the COVID madness? How does he not get bitcoin?