@NRxNorth @Outsideness @AnarchoPapist nevertheless, it's not money. It's pure speculation, hoping for a greater fool
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Replying to @HbdNrx
@HbdNrx @NRxNorth@AnarchoPapist Have you encountered Moldbug Monetary Theory yet? (You might find it disconcerting.)1 reply 0 retweets 0 likes -
Replying to @Outsideness
@Outsideness @NRxNorth@AnarchoPapist I'm familiar with modern monetary theory...1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx @NRxNorth@AnarchoPapist Moldbug Monetary Theory is far more interesting.1 reply 0 retweets 1 like -
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Replying to @crab_aesthetics
@NRxNorth
@HbdNrx@AnarchoPapist http://unqualified-reservations.blogspot.hk/2011/04/on-monetary-restandardization.html …1 reply 0 retweets 0 likes -
Replying to @Outsideness
@Outsideness @NRxNorth@AnarchoPapist reading this now...more convinced by modern monetary theory so far.1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx @NRxNorth@AnarchoPapist Anyway, at least you now get why the "it's pure speculation" objection sounds ridiculous.1 reply 0 retweets 0 likes -
Replying to @Outsideness
@Outsideness @NRxNorth@AnarchoPapist I don't necessarily agree with him on that point. The dollar's value doesn't really come from speculat1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx @NRxNorth@AnarchoPapist It's (conservative) speculation upon the credibility and competence of the state.3 replies 0 retweets 0 likes
@HbdNrx @NRxNorth @AnarchoPapist ... Or, more specifically, upon the effective authority of the USG. There's no other 'backing'.
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