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Great video. And what if we don't need money anymore at all?! Its also slavery that governments and so keep copyrights instead of providing free open source, public domain, open data etc. We already have so many free education on the internet, so why still have to pay taxes for school 🤨

Guy Swann 1y ago

We will always need money. For the same reason we will always need language. the problem with money is merely in it's manipulation and the power for a small group to defraud it. But otherwise, society literally is not possible without money.

In fact, the very reason society is in decline, and rots before our eyes, is because we are watching the fallout of the rotting of our money. They are one in the same.

The ability to securely communicate and trade value is the foundation of civilization itself. When the money rots, society rots.

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Discussion

Rand 1y ago

exactamundo!

Lucky Kite 1y ago

But otherwise, society literally is not possible without money.

Society literally existed for >100,000 years without money.

Guy Swann 1y ago

It’s about scale. Small, culturally tight groups can organize. But huge diverse groups with different values, cultures, and language cannot trade and organize without money.

Lucky Kite 1y ago

But they did. For thousands of years. People traded goods accross large regions in large groups long before money was invented.

Guy Swann 1y ago

Interacting once a year to trade goods is not a broad, active economy. And even in those instances almost universally a monetary good would immediately arise specifically *because* they cannot have long term relationships without trust, or an independent (non-trust) medium.

Lucky Kite 1y ago

Look up Human Economies. Also 'Debt - a 5000 year history' by David Graeber Your history, with respect, is simply incorrect.

Guy Swann 1y ago

I have read it. Good book, but missing a single fundamental principle of money and its relationship to resources. Of course his book, if I remember correctly, doesn’t really prescribe as much as it observes. MMT makes a massive failure in taking what is actually a more logical explanation than the Keynesian nonsense, but applies it completely wrong.

I found MMT and my brother and I exchanged emails for a bit with Warren Mossler before realizing where it was fundamentally divorced from reality. Logically *consistent* doesn’t mean it’s true in the real world. And funny enough a great explanation by Mossler is what made it clear.

Lucky Kite 1y ago

please eleaborate on why you changed your mind about MMT? where does it differ from reality? Because MMT actually describes reality as it is. Its not a proposal. Observe reality. You can't pay for things with taxes unless you have money to pay for things. This isnt chicekn and egg. Spending MONEY always comes BEFORE taxing money. Money printing is all money.