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by RemoteWorker 4209 days ago
> Money represents work.

Government money represents debt, not work, that's why it's called IOUs. And I wouldn't say actual money (eg: gold, Bitcoin) represents something. It's just a resource useful for trading and saving, because it has certain properties like scarcity, fungibility, etc. 1 Bitcoin doesn't represent $354 US dollars of work in 2014. 1 Bitcoin represents 1 Bitcoin, if anything.

> When you do work, you get money.

So what happens when you don't work and you get money? Fatal error? What does the new money printed by the government every year represent?

> That's fundamentally what our economy runs on.

No, that's just what the owners of the world taught you through the education system they regulate.