Yesterday I made one scholar to realize their ignorance on the topic of fiat. How barely they discuss. They said we are glad and will note your Arguments and question.
Danish
npub1la2q...3737
CS uni student, learning economics philosophy & religion.
Notes (7)
Chatgpt/ai is very good for learning something you are at 0. From 0 to 1 and 1 to 100, Ai is best for going 0 to 1. If i had started learning economics from chatgpt, it would be much efficient rather than reading an introductory book from cover to cover. One promopt read of debate on price controls is much much much better than reading a book chapter on it(which will be biased to that one author).
Translation from Hebrew is removed from twitter. Almost year ago


I witness this once in a while on twitter. Many people read books to understand economic turmoil. They end up seeing wealth inequality as most evil thing and do gutter level "its liberalism" or "its capitalism" critique


I am going to q&a live stream of one scholar on 16 nov.
Who belives that home loans or any other commodity loans are not riba.
His reasoning is:
hat they are not giving you money. Because if its accepted that they gave you money then you can use it for any purpose. But its not, you are specifically buying a house. So they are actually buying you a home, they are not giving you money. And on that home they are charging you, like a rent but on terms that you will get home after some period. So there is no charge on the money, but on the home they bought you. Its like an EMI purchase.
What i have think of to ask/counter him is,
According to you they bought me a home from "their money" and i am paying rent. Okay. But what if their money is not their money and they printed out of nothing? That is fractional reserve banking on fiat. They do not have any money but they credit it. In islam is it allowed for any entity to create money?
Any suggestions would be appreciated
People get mad over nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkumewwd68ytnrwgqs6amnwvaz7tmwdaejumr0dsxxn50k take in bitcoin standard that bitcoin fixes "x" x = health, mindset, art and science, architecture, etcetra, which they find no hard corelation with btc and fiat money.
Meanwhile....


Is there any study why many muslims leans towards or have soft corner for communist/socialist ideology?
I think its because of the first glance at islam is discouragement of material world and wealth. Further they build entire world view over this model ignoring all foundations. Socialist muslims end up worst kind of muslims, potentially apostate.

