Jump to content

What is durable fiat?

Recommended Posts

Durability of fiat asserts that the plan remains in place in spite of political impetus that might push against the plan once it was implemented. For example, once republicans passed most affirmative plans, they might go "holy shit" and try to repeal it in real life. Durability asserts that they don't do that - the plan's longevity is durable. 


Theories of durability vary in how much they protect. Some approaches suggest that durability covers all political developments - any rollback due to economic issues, for example, or legitimate United States Supreme Court challenges. I don't take that view, because it's anti-educational to fiat away what is essentially a solvency question. While those are controversial, it is uncontroversial to suggest that durability means political changes do not affect the status of the plan's passage.

  • Upvote 9

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...