Sats paa BTC on Nostr: The Commodity Theory of Money is to the Credit Theory of Money exactly what #sex is ...
The Commodity Theory of Money is to the Credit Theory of Money exactly what #sex is to #gender!
The former is based on physical reality, the latter on "performative acts of speech".
@lynalden nails it:
"Over the long arc of time, ... it will almost always be better to hold a scarce commodity money directly than to hold the promise made by a kingdom, empire, or nation-state." Broken Money, p53
Published at
2024-05-14 20:08:19Event JSON
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"content": "The Commodity Theory of Money is to the Credit Theory of Money exactly what #sex is to #gender!\n\nThe former is based on physical reality, the latter on \"performative acts of speech\".\n\n@lynalden nails it:\n\n\"Over the long arc of time, ... it will almost always be better to hold a scarce commodity money directly than to hold the promise made by a kingdom, empire, or nation-state.\" Broken Money, p53",
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