DYSPEPSIA GENERATION

We have seen the future, and it sucks.

The Hierarchy of Money

20th September 2026

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Some money is better than others. This is foundational to how money and banking works. I explore this idea and its many consequences, without any prerequisites or jargon.

All money is debt. Money starts as a store of value, and trading that store of value makes it a medium of exchange (‘currency’).

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