It's funny how people still think the worst "rich" people are the ones that are just "hiding" assets somewhere. If the only problem with the fiat system was that some people are lying about how much cash/assets they have and where, we'd live in a virtual utopia compared to reality. Most people have no idea that possessing and storing assets is a neutral state of affairs and the real evil is hidden from them. As a consequence, they will consent to more evil for their "protection" from "wicked" asset holders.
Oddbean new post about login | logout