Money is stored value, representative of labor. The fact that so much of it is today created ex nihilo through legerdemain is concerning.
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It has become unmoored from anything real, courtesy of a mixture of digitization and easy credit.
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Replying to @Yamaxanadieu
See Modern Monetary Theory. Fiat has value because govt makes us pay taxes with it
9:27 PM - 28 Sep 2017
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