72
submitted 1 year ago* (last edited 1 year ago) by davetapley@lemmy.world to c/workreform@lemmy.world

A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

you are viewing a single comment's thread
view the rest of the comments
[-] unfreeradical@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Because they can print as much money as they want, devaluing yours in the process

The observation that is politically relevant is that availability of money is not a constraint for the capacity of the state to ensure adequate provisions for everyone, as long as such provisions continue to be available through production.

Cryptocurrency is based on a fantasy of apolitical money. Bitcoin is not currency because designation of an asset as currency is political. The moment everyone realizes that Bitcoin has neither intrinsic value, like gold, nor state backing, like the dollar, the value crashes.

this post was submitted on 22 Sep 2023
72 points (81.6% liked)

Work Reform

9856 readers
49 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS