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RE: An essay on the understanding of money
I think that this article is a great analytical piece and it was quite interesting for me to read it, however (and apologies for being blunt) I disagree with many points above, especially the last part. For example, gold was money, it started being percieved as a commodity after 1980's... and the same money as a "permanent debt" is a temporary phenomemon started massively growing only after 60-80's of last century. There is a whole set of reasons why it can be permanent and should be finished quite soon in fact..... probably even next year.....