Three things worth thinking about in Chris's presentation:
First, the degree to which concern over the coin stems from the perception that it "illustrates the uncomfortable foundational reality of modern capitalism: Money is nothing more than a shared illusion." The optimistic way of framing that dimension of the opposition is that it's illogical and can be corrected with calm counter-argument. The more pessimistic take is that part of why modern capitalism works is that policymakers typically succeed in keeping the public from thinking too hard about how fiat currency is created.
Read full article >>
