News for hackers. Stuff that matters.

A comment on Federal Reserve to increase interest rates by 50 basis points. Parent comment

Re:Federal Reserve to increase interest rates by 50 basis po... by ClumsyPilot on Wednesday December 14, 2022 @04:09PM (#33990592)
> having a currency that politicians, bureaucrats and bankers can't manipulate.

Which is what, Gold? Bitcoin? Have you read the history of merchantilism and how Britiah and Dutch economic growth was restricted by supply of silver?

The definition of a Fiat currency is that it can be manipulated by whoever is issuing it

[ Parent | on HN ]
Re:Federal Reserve to increase interest rates by 50 basis po... by kodyo on Wednesday December 14, 2022 @06:17PM (#33992238)
Probably Bitcoin. Gold would be fine if there weren't governments.
[ Parent | on HN ]