The issue with fiat money is the money itself is debt.
Debt exists in time.
So yes you’re correct you borrow against time, but the bond yield curve is really a measurement of how much money exists now vs the future. When the liabilities are now, and the assets are in the future, it’s a bust.
It’s not “impossible to avoid”, the answer is the money supply has to be an asset... and not debt
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npub14s…jt5d6
2024-09-05 13:05:14
in reply to nevent1q…r63x
Author Public Key
npub14slk4lshtylkrqg9z0dvng09gn58h88frvnax7uga3v0h25szj4qzjt5d6Published at
2024-09-05 13:05:14Event JSON
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"content": "The issue with fiat money is the money itself is debt.\n\nDebt exists in time.\n\nSo yes you’re correct you borrow against time, but the bond yield curve is really a measurement of how much money exists now vs the future. When the liabilities are now, and the assets are in the future, it’s a bust.\n\nIt’s not “impossible to avoid”, the answer is the money supply has to be an asset... and not debt",
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