DYSPEPSIA GENERATION

We have seen the future, and it sucks.

The Problem With Money

10th May 2022

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The problem with money is it isn’t just one thing. We think it’s one thing because we use it to buy things, but it’s actually a bunch of different things. This is why I often refer to it as “money:” in other words, one of the class of things that are stores of value, transactional grease, debts and various other bits and pieces.

Recall that “money” is not a fixed class of things; it is a social construct. People agree to use (or are forced to use) something to transact tax payments, debt payments, stores of value, etc. “Money” only has value in a socio-economic system that is a social construct with social contracts and power relations.

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