this post was submitted on 14 Jul 2024
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doomer

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So I don’t often hear leftists talk about the fact that money no longer really exists (hexbear.net)
submitted 3 months ago* (last edited 3 months ago) by Hohsia@hexbear.net to c/doomer@hexbear.net
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Or they do but I feel like the gravity of the statement alone never really registers

Was recently reading a book written a long ass time ago by some Brit where he talked about how a lot of the value in currency (coins and paper of the time) came from the fact that they were all tangible

And now wealth/money is completely digital. Of course the fed still prints shit, but with the amount of people who use Apple Pay/venmo to exchange “money” from person to person?

Actually, does anyone know what I’m trying to say rn? Is money just a Trojan horse?

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[–] scarcity_of_the_self@hexbear.net 1 points 14 hours ago

Go watch Geopolitical Economy Hour (the subprogram on Ben Norton's channel with the professors chatting, not the newswipes although they are fine) they actually discuss the monetary theory, historical and present.