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 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 5 points 4 months ago* (last edited 4 months ago)

I think it's kind of an already argued point that most people conceded decades ago, what's there to talk about?

Not long ago, it used to be your money was worth a set amount of gold, tangible gold bullion you were guaranteed you could get for your dollar, but now it's fiat. And fiat is a just a euphemism for "its imaginary". Not that gold bullion has a great practical value either.