All American Mom Shirt

Product Description

But even by the All American Mom Shirt definition, it’s only lacking fiat status because it is so new and unintegrated. You’re right that it isn’t fiat yet, especially if you define fiat as a government regulated currency. ?? Just in case you need the definition, again, this definition is widely agreed upon, if not, by consensus in economics 1.

All American Mom Shirt and ladies tee

Any economist will give you a consistent definition of currency and cryptocurrencies do not fit that All American Mom Shirt Now you could argue that Bitcoin for example is pegged to their blockchains or whatever but that still isn’t definitively a fiat currency. It’s more scarce than gold, anonymous, can’t be seized by the government, stolen, or inflated.

Sure fiat currencies suffer from inflation, but my loaf of bread in the All American Mom Shirt States isn’t going to go costing from 1 1000 whatevercoin in a matter of days or vice versa. Or any other unit of exchange that is not backed by a commodity or government, if it ain’t tied to something stable, it will never make a good currency. Because it’s literally equivocal to giving Monopoly money value by allowing for it’s exchange to a fiat currency.

All American Mom Shirt, hoodie, sweater and long sleeve

Sure fiat currencies suffer from inflation, but my loaf of bread in the All American Mom Shirt States isn’t going to go costing from 1 1000 whatevercoin in a matter of days or vice versa. Or any other unit of exchange that is not backed by a commodity or government, if it ain’t tied to something stable, it will never make a good currency. Because it’s literally equivocal to giving Monopoly money value by allowing for it’s exchange to a fiat currency.

Sure fiat currencies suffer from inflation, but my loaf of bread in the All American Mom Shirt States isn’t going to go costing from 1 1000 whatevercoin in a matter of days or vice versa. Or any other unit of exchange that is not backed by a commodity or government, if it ain’t tied to something stable, it will never make a good currency. Because it’s literally equivocal to giving Monopoly money value by allowing for it’s exchange to a fiat currency.