If I wanted to understand where modern money gets its value from, where would be a good place to start?
If I wanted to understand where modern money gets its value from, where would be a good place to start?
Camden Collins
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Gavin Thomas
The kikes controlling the federal reserve
Noah Morgan
shul
Cameron Foster
canadian tire
you spend some money and they give you money, its all in the balance
the real mystery is what came first, canadian tire money or other money?
Adam Brown
just read this
Leo Nelson
Burning Muslims like you
Leo Peterson
The Torah
Wyatt Watson
Read Michael Jones on kikes
Nathan Taylor
Read up on Ludwig von Mises and Murray Rothbard
Ryan Jenkins
A good place to start would be crying. There is no place to start, just over complicated systems with no real anchor .
Our money only has 'value' so long as the population as a whole decides it does... it is literally a mass delusion that keeps modern currencies from collapsing.
And this delusion that has become infuriatingly entrenched is easy for those in power to exploit. Look up fractional reserve banking, a polite way of saying counterfeiting.
John Morales
US dollars?
Oil.
James James
I guess you think a microwave is overly complicated too but your retarded ass still uses one. Just because you're too stupid to understand things doesn't mean everyone else is or that currency is based on "mass delusion".
Matthew Cooper
>value
HAHAHAHAHAHAHAHA
Brody Lewis
I prefer pic related. It's a bit more comprehensive than that one.
Eli Bennett
feel free to explain then professor pothead
Liam Bell
mises.org
Read it OP, don't be a fag for once in your life.
Andrew Howard
>currency is based on "mass delusion".
This is a reasonable statement though, at least with our current currencies. Very few people in the general public understand how money creation works, or what economic value means, or in fact almost anything to do with econ at all.
David King
I'm open to Austrian viewpoints but everything from mises.org and most of the economists clinging to the school are so staunchly dogmatic that they would probably wear a suicide vest into the Federal Reserve if they thought it'd end the place
Elijah Baker
The us dollar value is held up by many different strings that if any one were to be cut the dollar would be crushed under the weight of debt taken out in it's name.
The things that provide the dollar with value are (remember if any one of these things fails the dollar becomes instantly untransactable)
The US military (unlikely to fail until dollar dies)
The global banking system
The US treasury market
The dollar's ability to be transacted.
-----
All of the above things are pillars that rely on each other for support, and right now they are all on shaky ground.
Remember that it isn't just hyperinflation that causes a currency to lose value. A currency can become valueless when it is unable to be used as a form of transaction (thus rendering it useless and undesired) If any global bank goes under they will all fail. If the banking system fails, no one will be able to transact dollars anymore (or any other currency for that matter) ALL CURRENCIES WILL FAIL ON THE SAME DAY IN THE SAME HOUR... it will be the biggest shitstorm the world has ever seen
Andrew Martinez
Adam Smith's Wealth of Nations has a couple chapters on value and desu thats where you should start. Once you understand the foundation of the exchange value of commodities, then you need to understand monetary policy to see how governments control the supply of money to implement monetary policy (eg. in a keynesian way).
Kayden Taylor
mises.org
The absolutely best book on that matter. Simple, concise and seminal in its influence.
Oliver Jenkins
>I'm open to Austrian viewpoints
>But I already think they're wrong
That's not what "open" means.
FYI, what you call "dogmatic", others call "intellectually consistent". Or do you think mathematicians are dogmatic too, because they insist on sticking to the narrative that 2+2=4?
Daniel Parker
Whenever we accidentally find Canadian money here we just throw it away, it's useless. Does that happen when you guys get USD?
Jaxon King
I find Rothbard's writing style is better than Mises'. Still, you definitely can't go wrong with the The Austrian himself, especially if you want to read it in Kraut.
Usually coins are accepted at par, it's rare to find burger bills.
Anyway, USD will soon be Zimbabwebux so get your laughs in while you can, because nobody will be laughing when it happens.
Charles Rodriguez
The Ascent of Money six part documentary is as good a place as any and it's pretty entertaining -- they even explain the trick the Rotschild pulled, they should have hanged them for treason right there.
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