> you maligned my sacred word > you insulted my sacred cow stop worshipping the word "capitalism". > are you implying communism does not run on fiat? so called "communism" absolutely runs on fiat currency creation is as well. in fact, so called "communist" countries are capitalist as well. it's just state capitalism, a different flavour of it. > you do realize fiat is a form of currency in any system? in all capitalist systems. all capitalist systems require fiat currency based monetary systems because they all require perpetual geometric expansion of the fiat currency supply over time simply to continue running under the everything-and-anything-is-done-sol ely-and-exclusively-for-financial-p rofits-by-privately-owned-legal-fic tions model. because the profits have to be printed continuously. you cannot operate a for-financial-profit economy on a monetary system which doesn't geometrically expand the supply of money over time. because there's no money for the profits in that scenario. which necessarily requires that the monetary system of capitalist countries be fiat currency based, as that's the only way to accommodate the requirement for perpetual geometric expansion of the amount of legal tender over time. and since capitalist countries do everything for profit, using privately owned legal fiction enterprises, so too do they do the fiat currency creation. using privately owned, for profit operated legal fiction enterprises. known as banks.
Romania