Venkatesh Rao@vgr·Sep 8, 2017This 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.3822
Venkatesh Rao@vgrI dislike figurative use of 'literally'. Money can't kill. You still need to exchange for bullets to do that.4:53 PM · Sep 8, 2017