What does belief even mean, man? I don’t know about you, but I look up at that big bright moon and tell myself that everyone else who believes what I do is looking up at that same big bright moon right now too. And it’s just so beautiful, isn’t it?
How are you able to know so much about economies of money? How can I gain your abilities? What do you think about when you look up at the big bright moon in the sky?
What would the point be with this? What would be different? Gold and silver also backed the dollar once. Meaning you could get those precious metals when redeeming it for dollars And it worked so well that Nixon took us off it and every nation that has gone to war had to suspend it.
Understanding the workings of the universe does not compare to understanding the monetary system of a fiat currency. Two completely different posits. Understanding the universe is much more complicated. So this was a big fail on your part. Try better.
You’re the one that argued the dollar only has worth because it’s accepted as tax payment. People could easily avoid taxes if that were so, even if they just used another country’s currency.
The word Theory is in the name. This means that the idea is not necessarily correct. It is mostly a hypothesis. Therefore you cannot claim it is the correct “school”. It is the one you wish to be correct.
Even scientific laws are challenged by theories. For example: according to quantum physics theories there was a very small but non-zero chance that when you were dropped on your head as a baby you may have instead floated up and we could have avoided all your threads here.
@Andrewgen_Receptors lets get back to measuring calves. It’s kind of an exercise in futility so it’s just like MMT.