>float will be abolished
Apologies for the tard question here but can someone point me to what a float is in this context, what it means, and why it would be abolished?
Follow up questions:
What role, if any, will fractional banking have with new notes? Concept strikes a tard-anon like myself as anathma to being based BUT I’m also trying to reconcile with control of the money supply.
>Fiat grants power to grow/contract money supply
>Power to grow/contract money supply effects economy
>Been used for good and evil, mostly evil
>but NEW NOTES ARE BASED NOT fiat
>Power to grow/contract money supply no longer possible or at least no longer possible in the traditional sense of control of a based currency is distributed (?)
>no free rides
Damn. Guess that means we’ll no longer earn frequent-flyer miles (talk about fiat!) on purchases after the new notes debut?