My Name is Money

Posted by mshupe 5 years, 8 months ago to Economics
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This 4 minute video will drive 'em nuts outside of Mulligan's Valley.

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  • Posted by mshupe 5 years, 8 months ago
    The biggest revolution in that realm is Bitcoin. It is not a medium of exchange, yet. It is not s unit of account, that's even further away. It is beginning to prove itself as a store of value, and more so when it's no longer used for speculative investment and transaction costs plummet.
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  • Posted by freedomforall 5 years, 8 months ago in reply to this comment.
    Right, I describe the money currently used in 99% of human transactions in the world at present. There is virtually no hard money today. No money with any backing of value
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  • Posted by mshupe 5 years, 8 months ago in reply to this comment.
    Yes, Francisco said it is a tool, it is one that transcends space and time. And the ways that it is perverted doesn't change its core. But of course this applies to hard money best, by far. Easy money is what you describe.
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  • Posted by freedomforall 5 years, 8 months ago
    Money is only a tool, and tools can be perverted and misused - as the fed has done for 105 years so far.
    If any, production is the root of all good. Money is just one way to store production for future use, assuming faith in that money is retained, and the ability to exchange it for goods and services without loss of value continues.
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