Venkatesh Rao@vgrThis is almost literally true. Earliest use case of sovereign money was to pay salaries of standing armies.Quote TweetVenkatesh Rao@vgr·Sep 8, 2017Fiat money is the state's monopoly on violence by other means. Coin of realm == guncoin of realm.4:52 PM · Sep 8, 20177 Retweets1 Quote Tweet22 Likes
Venkatesh Rao@vgr·Sep 8, 2017I dislike figurative use of 'literally'. Money can't kill. You still need to exchange for bullets to do that.
Venkatesh Rao@vgr·Sep 8, 2017Replying to @doriantaylorI've seen it in a few histories. I don't think it's a contentious point.1
pprglvsta (8/1000 semicolons)@babarganesh·Sep 8, 2017Replying to @vgrmoney is premium mediocre violence14