Re:U.S. Treasury Data Lab
by dragonwriter on Tuesday September 14, 2021 @10:29PM
(#28534516)
The US Congress chooses to behave (approximately) as if it had a commodity rather than self-issued fiat currency, but this is a choice, not some kind of necessity.
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Re:U.S. Treasury Data Lab
by SubiculumCode on Wednesday September 15, 2021 @06:05PM
(#28544988)
Exactly. Just because we have a debt-guided mechanism does not make the currency not fiat. Those self-constraints can be changed or removed at any time.