And many many others

@Vril-Gesellschaft so if I redeem one of your "dollars" what do I get?

Gold?

Even gold was traded it was still an issue

A basket of goods?

India got btfo because cotton picking

And another country got better than them.

By being backed by production, do you just mean I can buy shit with it in the economy?

Euro and usa had to intervene with oil. Y your system it was their turn

Is there anything in the bank reserves?

@halfthink I'll be back in a bit just cooking some boiling macaroni so can't talk

Kk. That sounds fucking good right now

i'm hungry now. your fault @Vril-Gesellschaft

Wtf did I just walk into?

Nazi LARPer expert econ undergrad.

I like him

If i got in another debate with another ancap in this discord ima lose it

Taxation is theft, bruh.

@halfthink >everyone who disagrees with liberalism strongly is a larper

I'm an ancap, nigger.

ancaps are hyper liberals

they triple down on liberalism because they don't know any alternative way

Depends what you mean by liberalism.

@halfthink. Fight me

@My Preferred Pronoun Is Sama run straight faggot.

@halfthink. No u

@Vril-Gesellschaft so how does banking work in your system?

Ok back on topic. Fiat economy based on ability to produce

@halfthink similar to how it did in the Reich

there's interest free loans, only real interest aspect was when dealing in certain trades with other countries

govt makes profit on loans from deflation caused by loans boosting production in aggregate (for example loans for women to have kids)

Elaborate on what the currency is backed by.

If anything

it's not backed in the sense of like "I will give you 1 unit of production for this" but rather its value is that of the marginal rate of production

So it's just a regular fiat currency?

this doesn't make it fiat though, because fiat currency is when your currency value depends on arbitrary non physical processes

Military is a physical processes

it's not purely your lack of a physical medium of exchange to move it into

You can make a fiat out of that

yes, but we're talking about something relevant to economics

What are you doing with the quantity of base money?