Oddbean new post about | logout
 It’s all down to incentives isn’t it.

Yes, I think it’s important the right “meme” spreads at this point (hence the mask, if you’ve seen “V for Vendetta). 
 Exactly. And fiat money enables those short term incentives for politicians. 

Even when people identify that the politicians have these short term incentives they rarely connect that these incentives are linked to / enabled by the ability to create money out of thin air.