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by dragonwriter 4000 days ago
> Money is just a reflection of production

No, its not.

The value ascribed to money is, of course, related to what it can be used for and how much of it is floating around, and production in the area where the particular form of money is the preferred medium of exchange is one of the factors that is relevant to that. And, perhaps the statement about governments not creating money meant that governments don't create value. Which would still be wrong, but in different ways.