Fiat Money: what this star will be

Fiat Money is a star on the Constellate sky: placed by meaning, named, and connected to the stars around it. This is the short form of its post: the line it carries, the area we colour Economics, and what stands beside it today.

The line it carries on the sky: Money backed by nothing but the promise that everyone will keep accepting it.

What stands beside it

The stars nearest to it are Banks Create Money, Inflation, Money as a Ledger and Triffin Dilemma, and Trust and Social Capital and Tragedy of the Commons are already open to walk. When Fiat Money opens, the conversation will land it among them, with a line drawn to each idea it touches.

Ask for this star

Every star is lit by demand. Ask for Fiat Money and it moves up the list; when it opens, this post becomes the full essay. The open stars beside it can be walked today, and the first concept of every course is free.