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10 sats \ 0 replies \ @Scoresby 9h \ on: The Power of Money vs The State: Cody Ellingham bitcoin
the MMT-school (and its critics!) make the mistake of assuming that their descriptors of money as it is today are equivalent to models for value “forever and ever”.
It's a good point. Probably we have all been doing this for almost as long as we have been using money. Just as language != meaning, money != value. Both are ways groups of people have devised for coordinating with each other.
Monies are languages.
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