BrianDouglasCollins

The value of fiat money, money that has no other utility than to be traded, is in its ability to easily be traded. When people talk about a liquid asset, they are talking about an asset that can easily be converted to money. Why do we want to convert things to money? Because we can easily trade money. So to say that fiat money has no utility in itself is false. The utility in it is its ability to be traded for things that you need at the time. The idea that there is a regression problem with the origin of money seems to be fundamentally flawed. Money is nothing more than a unit conversion tool. I have chickens and you have milking cows. How many chickens is one milking cow worth in a trade? I don't know. To figure it out, we just convert both to money and then see what it equals. That is the utility.

It will certainly be interesting to see if, after Trump, the media will go back to being complicit with everything the leftist propagandists want. It seems to be the case that the media has gone hog-wild over finding every shred of evidence they can use to discredit the Trump agenda, regardless of its authenticity or merit. But once a beast tastes the blood of its own kill, whose blood it belongs to no longer feels so relevant anymore. The media is not going to be content with knowing so little information under a new president. That's my only point. The politics of old, where you can meet on a plane with your prosecutor with nobody knowing about it, are over for both sides.