The problem is not an issue here or an issue there, so much as it’s an insane notion of the purpose of money. The purpose of an economy is to serve people, the purpose of people is not to serve an economy.
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The economy IS the people. It’s the voluntary trading we engage in. The purpose of money is to be a medium of exchange (so we don’t have to barter), a store of value (which the Fed ruined), and to allow economic calculation.
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Replying to @AndrewBrasuell
Which must be fairly and appropriately regulated by govt so that monopolistic forces don’t skewer it in the direction of the very wealthy.

Jan 3, 2021 · 9:56 PM UTC

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Replying to @marwilliamson
Government IS the monopolistic force that is skewing it toward the rich. That’s the entire problem. The gov’t gave the big banks a monopolistic cartel on money, and that’s how they fuck us.
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It’s not like no generation of Americans has ever fought this and won. They have, and now it’s our turn.
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Replying to @marwilliamson @AndrewBrasuell
Those monopolistic forces tend to grow stronger in proportion to the amount of regulation.
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The opposite to that is true.
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