You are viewing a single comment's thread from:

RE: How I'm becoming a Steemit Evangelist at a time Steemit is becoming viral [Original Content | Reading time: 10m]

in #steemit8 years ago

We've been printing money for ~150 years. It was commodity money then.
Since 73' (Nixon Shock), we've been printing fiat money.
The way the system works is so shockingly ridiculous that I never bother trying to explain it. I just direct people to this video: