Individual fiat currencies have collapsed in eg Venezuela, Zimbabwe, and Weimar Germany. However, their currencies were not the reserve currencies of global trade. Historically, the international reserve currency was gold, but now it’s just other fiat currencies. So we have to trust that the ECB and FED won’t repeat the mistakes of other fiat currencies.
The FED seems like a trustworthy bunch who know what they’re doing. But then again, so did the CDC two years ago. So, hmm.
I picked up the habit of capitalizing FED from my Econ 102 professor.
Fuck you for assuming I’m an “alt-right nutjob” because I’m disappointed in the CDC’s handling of the pandemic. The CDC had a reputation as a world-class institution before they made several well-publicized mistakes (e.g. https://www.npr.org/2021/05/21/999194177/early-cdc-coronavir... I personally had a much higher opinion of them two years ago than I do now. How am I an “alt-right nutjob” for remembering high profile mistakes like that?
So there’s a few attestations for the all-caps FED listed here, including some from such sources as the IMF: https://en.m.wiktionary.org/wiki/FED
I guess you’re going to say the IMF are also idiots, and it’s the IMF’s fault that I “look like an alt-right nutjob”? In any case, it’s a hard question to research, especially since queries like “Fed capitalization” are ambiguous.
In any case, I’m not really inclined to take seriously the opinions of internet trolls whose only contribution is to call me an “alt-right nutjob” for criticizing the CDC and capitalizing FED. Your bizarre paranoia is not my responsibility and I’m frankly still not convinced that it’s actually wrong to capitalize FED. In my experience, people who issue bizarre and unsubstantiated insults to complete strangers over the internet are usually neither intelligent nor well-informed, and so you’ll understand if I don’t take your advice, or you, seriously.
The FED seems like a trustworthy bunch who know what they’re doing. But then again, so did the CDC two years ago. So, hmm.