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Isn't there a sentence from M.Ford which summerizes the monetary system? I remember when I decided to understand the monetary system: once, I pierced through i
by sylware 4y ago
Isn't there a sentence from M.Ford which summerizes the monetary system?
I remember when I decided to understand the monetary system: once, I pierced through its fake complexity, only disgust has been remaining since then.
- colechristensen 4y agoWhy disgust? Money is useful so you don't have to get paid in sacks of potatoes and big screen televisions and instead get an abstraction. Being able to manage the money supply instead of having a physical good (like gold) being money is also useful so you can appropriately manage export imbalances and costs across borders, etc. Money is a lot better than the alternative... an "economy" based only on nepotism, power, and relationships.