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Even the cash based society under a totalitarian dictatorship idea tends to forget that the cash in question is issued by said dictatorship, and the currency is
by neilwilson 4y ago
Even the cash based society under a totalitarian dictatorship idea tends to forget that the cash in question is issued by said dictatorship, and the currency is a public monopoly. The dictatorship sets what tax is settled in.
The veneration of this type of cash forgets what it is in a modern world - a receipt for banking liabilities at either the central bank or the government Treasury. It's those that make the tokens worth something.