Conviction of what?

The problem is the elite lose the most if the system fails. They are only elite while the system enforces property rights. Having elites is evidence of the system maintaining property rights and not being africa, where you put money in a bank and it disappears or you buy an investment property and your tenant just stops paying and won’t move out. Both states have issues, at least a fiat system that hasn’t failed gives the poor the option to own assets under contracts at all.

That just seems like dogma

Isn’t it an advertisement for any hard asset, the more leveraged the better?

Maybe cheaper and most people don’t notice.

I think the answer is that it’s silly. Nothing is omnipotent or almost omnipotent. No one is giving away a million dollars. So the correct answer is to decline to play and go and make breakfast

It’s hard not to risk causing myself pain to prove to myself I have free will, but I suppose that’s it’s own kind of prison, just one I’ve imposed on myself rather than one imposed on me

Americans taking an interesting idea, pump and dumping it through their financial machine risk free, and walking away from the dried husk with their commission. Not news.

At 5% a year, is her point

What is the fair price of gold

So it’s a tulip bubble basically