RE: Fear and Gred
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Money is arguably one of the most significant evils in the world. Money creates disparities among us humans, fuels competition, and is often the driving force behind fear and greed.
I could not disagree more. Money is neither good, nor evil. It is merely a medium of exchange -- a way for value-creators to exchange value-for-value with others without needing a double coincidence of wants.
Just last week, I had my students read Francisco’s money speech, from Ayn Rand’s Atlas Shrugged. In that speech, Francisco lays the groundwork for understanding that money is merely a medium of exchange and wealth comes into existence only through value creation.
Now, if you would've said "the love of money is a root of all kinds of evil" I would have wholeheartedly agreed. (That comes from 1 Timothy 6:10.)
Unfortunately it is a medium of exchange having its printing machine under the control of the elites and also somehow advertised as one's ultimate goal on earth.
From an economics point of view I can not disagree with you though...
For now, yes. But fiat’s days are numbered.
Hopefully we will not see the current fiat system being replaced with a CBDC based system. If that happens then the destruction of the fiat system was by design.