In Broken Money (p.55) nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a compares centralized human-controlled ledgers to the second law of thermodynamics wherein entropy ensures degradation over time, i.e., that claim you have via credit (or I would assume even your bank deposit which is a kind of credit) is getting ever shakier.

It occurred to me that to argue otherwise, say for MMT, is essentially to claim you’ve created a perpetual motion machine, i.e., something that defies a law of physics.

Apologies if someone else has already made this point (or even Lyn herself further into the book) which I am enjoying.