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by neuralkoi 480 days ago
Money is a useful tool for complex societies. It means I don't have to trade a chicken for a bag of potatoes. However, this tool has also been hijacked by those in power to maintain control.

In our current system, a box full of rocks painted to look like nickel can have the same monetary value as the actual nickel. See:

JPMorgan Had Some Fake Nickel https://www.bloomberg.com/opinion/articles/2023-03-21/jpmorg...

Also the government can just make more money (i.e. to avoid defaulting), devaluing your own money in the process, like some sort of indirect tax.