2 ms·
The magic part about modern currency isn't the caste of the bean rationers. It's the number of guns they have. Money is valuable because the people with a mono
by CPLX 8y ago
The magic part about modern currency isn't the caste of the bean rationers. It's the number of guns they have.
Money is valuable because the people with a monopoly on the legal use of violence say it's valuable.
There are many of other things that are valuable because of their utility, like a sandwich, or some kind of agreed upon cultural intrinsic value, like gold, and many of those can be even used as a medium of exchange, but those things are not money.