4 ms·

I was going to mention that article too. It's a great explanation. Money and monetary systems are human creations, not laws of nature.

• arvinds 15y ago
  Yeah - it always amuses me to read these long detailed arguments on these threads from people who seem to not have understood basic macroeconomics.
  • scrollbar 15y ago
    Econ isn't a science. There are schools of economic thought that completely contradict "basic economics" taught in schools today, and you can't possibly prove that one or the other method is correct. Hence, Economics: the dismal science.
    • arvinds 15y ago
      I have to disagree here. Yes there are schools of thought, but questions like "how does a market work?", "what causes deflation?" are pretty well studied and agreed upon. This is one of those very basic settled questions with a very clear accessible explanation.