Oh look! Another bubble
(twitter.com)
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Money isn't real. Its digits on a screen. Its only real for peasants like us.
Comments like these make me wonder how a society would function without money. Given how fake and gay our currency is becoming its getting increasingly hard to actually figure out what the real value of something is or should be.
Money is inevitable.
Letting bankers and governments conjure it out of thin air is the problem.
I think sci-fi has the right of it, the next form of currency in the near future might be some form of energy credit system.
What, like some form of fuel currency? A Petrodollar if you will?
That's not right, because it implies energy is ultimately the only thing that has value, but there's also land, craftmanship and others. Making money solely about energy is like making money about gold: it's a step back in the abstraction of value that money is.
Money is a proxy for barter. Instead of having to barter 300 eggs for a video game, you can sell them to the people raising cows and pigs.
Money is a proxy for debt.
No two bartering entities have exactly the right things for eachother at that moment.
Barter requires debt.
Genuine question: barter is trading what i have on hand for what you have on hand. How can debt even exist in that system?