[mordae]

> Money is an example. Really, what is money? A piece of paper? Some metal? Some number on a computer? Could you put your finger on what money really is, especially in the modern world?

Debt owed to central bank. Enforced by State via taxation and confiscation of property if you do not pay up. People seek it because they need to pay the said taxes and/or believe other people will seek it to pay theirs, including in a foreign territory. Loses value when central bank/State is unable to impose taxation and/or has not much useful work to extract from its subjects.

Recently western States have been captured by socialists, which prompted a reaction of the rich and powerful that eventually made the States unable to issue money and forced them to beg for the very thing they enable on the door fronts of the capitalists, making democracy a second-class economical citizen.

[euehe]

“ Debt owed to central bank”

Wrong.

Many of the comments here on economics and finance are so wrong it’s actually hilarious. I need to go wipe my brain clean after reading some of these.

What’s next - fractional reserve banking? Also wrong