Comment Comment by gph1 This is just fetishism.All currencies are fiat currencies, and all currencies are creatures of the state. If a currency is set at a fixed exchange rate to a precious metal, it's because a "statist fiat" made it so. parent gph1 13 years ago
All currencies are fiat currencies, and all currencies are creatures of the state. If a currency is set at a fixed exchange rate to a precious metal, it's because a "statist fiat" made it so.