2 ms·
I think it's probably one of the core causes, but trying to piece together how a barely noticed yet fundamental change in the technology that is money can cause
by friend_and_foe 3y ago
I think it's probably one of the core causes, but trying to piece together how a barely noticed yet fundamental change in the technology that is money can cause all of these effects requires understanding money to an almost unreal level of depth. I'm still trying to figure out and wrap my head around it, but I think what they did had way more consequences than the architects of that decision realized, even deep cultural impacts, that, like many historical events, will only really be clearly understood in hindsight well into the future.
- uoaei 3y agoMMT perspectives, considered undogmatically, help a lot in this regard, as does the colloquialism that "money only has value because people believe it does". More or less everything follows from there.