People perceive money to be something of intrinsic value (Or that it _should_ be that. Krugman's complaint about arguing normative versus positive is at play here, for sure). People perceive credit as merely a record of a debt.
The gold-standard freaks seem to not understand this non-difference. A large subset of folks who ideologically back Bitcoin also indulge in this fantasy.
People perceive money to be something of intrinsic value (Or that it _should_ be that. Krugman's complaint about arguing normative versus positive is at play here, for sure). People perceive credit as merely a record of a debt.
The gold-standard freaks seem to not understand this non-difference. A large subset of folks who ideologically back Bitcoin also indulge in this fantasy.