"Septic Tank Economics"

This article from American Thinker combines three of our favorite subjects: toilet lore, politics, and economics:

Fiat currencies are like particles floating up and down in a septic tank. At times one currency floats higher than another. Comparing currencies against one another is a relative and not an absolute game. You really don't know whether one has strengthened or the other has weakened.

The reality is that regardless of which particle has floated higher or lower, everyone knows what is in a septic tank. That is the proper way to look at fiat currencies (and also handle them)....