How does fiat money work?

(The date and time are dummy values to be updated when the meeting is scheduled.)

Have you ever wondered how fiat money works?

Have you ever wondered how value is created and maintained for an otherwise worthless piece of paper?

I developed a theory of fiat money that explains the reason for fiat money, how fiat money works, and how fiat money should be managed in order to properly maintain its value.

In the meeting, I will present these ideas for discussion.

Reference: Philip Bitar, The Second American Revolution, Edition 2 (2022), chapter 10, article 13.4

Meeting times and locations

Time is PST or PDT, depending on time of year, X = TBD:

X:00 pm in-person — Marysville Library, 2nd meeting-room door on LHS of entrance hallway

X:15 pm online — link to be posted here before meeting

If you plan to attend in person, when you register, please add a comment "Plan to attend in person" to help me in preparing room accommodations.