Nate boldly elects to defends his position concerning fiat money in a post entitled Fiat or Shenanigans:
You. Whimpering in the corner. Suck it up and get back on your feet. You knew the US money system was a wreck or you wouldn’t be reading this debate in the first place. So Vox and I conspire through competition to show you precisely how wrecked it is… and at the first glimpse you curl up in a little ball.
Man up. Its not going up hill from here.
Setting aside the obvious difference of opinion that we have (he’s wrong by the way which I will presently demonstrate with no little amusement), our view of where we stand in the grand scheme of things is profoundly similar. If you look carefully… you’ll see that I was the one that dropped the bomb… not Vox. Vox just stepped back and said.. “did you see that bomb he dropped? Say boys… That’s a big freaking bomb. I doubt even he knows how big a bomb he just dropped.” Then, being the cruelty artist he is, he explained the bomb. Then you realized… “Oh damn. There’s a bomb.”
You see what this debate is important? It’s the format. The format itself allows you to accept things that you would otherwise refuse to believe.
The five or six of you still attempting to follow this debate should read the rest of it there. My response will be posted tomorrow.