What do you mean by "Money is a System of Power?"
Posted: Mon Jun 28, 2010 12:31 pm
Money is one of the most extraordinary of human inventions. As a means of exchange it makes modern commerce possible and is one of the most beneficial of institutions. As an instrument of power it can support the most insidious and destructive of tyrannies, particularly when the processes of its creation and extinction are hidden from public view and shielded from public accountability.
Money, a mere number of no inherent substance, utility, or worth created from nothing with an accounting entry when a bank creates a loan, shapes the boom and **** cycles of economic life. Its international flows determine the fate of nations. Individuals who have it in large supply enjoy lives of grand opulence in the midst of scarcity. Those who lack it face death by starvation in the midst of plenty.
Money, a mere number of no inherent substance, utility, or worth created from nothing with an accounting entry when a bank creates a loan, shapes the boom and **** cycles of economic life. Its international flows determine the fate of nations. Individuals who have it in large supply enjoy lives of grand opulence in the midst of scarcity. Those who lack it face death by starvation in the midst of plenty.