It's actually the other way around at least for parallel economies. The parallel food market saved a huge part of north Korea from starvation. And the regime knew it and let it slide. There's parallel market with movies for example. I'm not saying there Juraj Oct 16, 2023, 6:54 AM
Yes. I think this is probably the only really correct answer. Dollar is in the head. I would add that not only now, but also in the future. When there was a parity between euro and dollar, one euro could buy you one dollar, but it was not a dollar. Juraj Oct 16, 2023, 6:51 AM
I am starting to like my fine-tuned LLM. Not only it is not woke so far, it understands the world much better: Fiat currency, also known as government-issued or legal tender, has several problems that make it risky to hold: Inflation: Fiat currencies are subject to inflation as… Juraj Oct 15, 2023, 4:54 PM
SK: Vyzerá, že zachrániť sa treba pred viac než len zvyšovaním daní. Vďaka úspechu akcie a prosbe o jej predĺženie som akciu "Zachráň sa" predĺžil o týždeň, teda do 22. októbra. Naučte sa byť zodpovední, postarať sa o seba, ochrániť svoje peniaze, pripraviť sa na volatilitu.… Juraj Oct 15, 2023, 7:50 AM
Depend what you mean by easier. More free societies don't need parallel society. There is more demand for them in North Korea than in Netherlands… Juraj Oct 14, 2023, 2:56 PM
A nice blog about forced association vs free association. I perceive democracy as a form of forced association. People who don't want to cooperate and are at each others' throat (either literally in a form of primitive violence, or intellectually - cancel culture, network effect enforcement) are forced Juraj Oct 14, 2023, 10:10 AM
Hard one - what is a dollar? If you have a balance that you see in some app, how can you tell that what you have there is a dollar? And I don't mean in a trivial way ($ sign next to the number).… Juraj Oct 14, 2023, 8:24 AM
Wonderful people, is there a good explanation about how the eurodollar system works internally? What do banks have on books, etc. I hoped this talk would shed more light, but it's too high level. Wikipedia entry is helpful, but I still have many questions.… Juraj Oct 13, 2023, 12:51 PM
