3/ The history of money is using something that people can agree as store of value and medium of exchange. Throughout history, this has varied from clam shells to cigarettes to gold to modern day fiat, which is not backed by anything.
This is false. Money emerged as a Commodity (Menger) or as a Collectible/Jewelry (Szabo) before being SoV, then MoE then UoA. The aforementioned narrative is convenient to central bankers to attempt to discredit new forms of money that have a significant chance of disrupting them
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Ok. We will have to disagree. Thanks.
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Can you factually support your view that UoA precedes SoV or will you only point me to Central Bank reports? Btw, all your linked paper said was “Some economists think UoA is the most important function.” It didn’t say much about origins and genesis Trying to analyze myself.
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Yes,sure,I just gave you the most recent-Carney's speech was today('The hierarchy points to the reality that money is a social convention').As I said,my sources have little to do with economics,but are in anthropology/sosical studies.See 'discussion' above, David Graeber's work.
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How can you put trust in Carney, who, on top of taxes, inflates your currency 2-4% per year via money printing, thereby “stealing” it from you?
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I don't think that is what he does.
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Why do you think the USD has lost 98% of it’s value since 1918?
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Value against what? Our incomes have gone up massively since then.
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Value against Gold. Wages have NOT gone up as fast as fiat has depreciated.
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