more importantly, what possible purpose would be served by defining sports cars and Picassos as "money" - I mean, other than trying to win an argument?
-
This Tweet is unavailable
-
you think this CONTRADICTS my later argument about social currencies???? God where would I even start? The arrogance of some people is just extraordinary.
-
-
nor is it about your vision of world history and compounding fallacies; you can't just pillage the ethnographic record to create a Misesian diagram, over and over again.
-
That's not what I'm doing, but even if it was why could I not? The record of traveler, missionary, and ethnographic accounts is not and should never be considered the monopoly of only certain specific academic ideologies.
-
true, respekt, but "unforgeable costliness and trust minimization" don't "explain the unique two-collectible kula cycle", programmatic language is 'costly' analytically. our only supposition is that society is social, not based on 'good contracts' between 1:1 all the way up&down
-
"Society is social" wow there's a theory you can really pin down. "-)
-
theres 100x rich social theories to choose from, form marx's social relations to Mauss's social contracts to latour's association of collectives, what's impoverishing and damaging is asocial or asi theory; atomism, self-preservation and paranoia.
-
In fact, trust minimizing institutions and technologies are crucial to expanding human relationships beyond the clan level. Much of this moral primitivism you cite, when applied to much larger societies, would or have lead to barbarity, e.g. of communist states.
-
just a thought: why not actually find out how intertribal trade worked in reality instead of lecturing others about what "must" have happened?
-
That's not a very credible thought, since I have studied that and much else related to early stores of value and media of wealth transfer. You might want to try actually reading what I have written instead of attacking strawmen.
- 3 more replies
New conversation -
-
-
our parents are arguing and we think they are both correct
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Question: is there a currency that is not a social currency? Again, I think this argument is emerging from a superficial distinction btwn money as SoV and money as debt.
-
I think
@NickSzabo4 is pointing out that there’s an objectivity to a currency’s value in that what comes to be treated as a currency (representation of money) isn’t arbitrary.@davidgraeber makes the same point re: effects of debasing currencies in many cultural contexts -
And
@davidgraeber ‘s critiques of the Federal Reserve in Ch. 12 of “Debt” are basically critiques of how societies apportion the ability to create money out of nothing according to class. It’s hard not to read implicit support for sound money (I.e. Bitcoin) in that argument.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.