when i try to think about money
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i feel like there's some simple conceptual shift that would make me happier but i haven't made it yet. something like giving up on being able to assign every person in the economy a meaningful "net worth"
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luckily it seems like every alternative makes even less sense, so that's something at least
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ah so it's just like democracy huh welp
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money is only valuable because we think it's valuable. same is true for literally everything else
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I was gonna retweet saying I know this is what is thinking about but you're already in this thread
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look up richard werner's paper on credit creation. banks literally create money out of nothing and have done so for a very long time
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The big difference between USD and other assets is that the value of USD rests on a bedrock foundation of guns.
Your country doesn't like USD? How about the US invades your country and forces you to buy oil in USD.
Don't wanna pay taxes in USD? How about you go to jail.
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Specifically the US Navy. Everything in the modern world ultimately depends on the disparity of naval power between the US and the rest of the world.
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