Unpopular popular opinion: the money we use nowadays is made up of IOUs (I owe you). The money is created by central banks. Central banks don’t get money from anything; instead, they create money. The money then goes to investors, government and corporatios, and that’s why the rich become richer, and I, as a poor person, become poorer.

  • yesman@lemmy.world
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    3 days ago

    Yes, Currency is constructed. Just like laws, sovereignty, borders, human rights, customs, norms, culture, institutions, and government.

    Currency isn’t the opposite of bartering, it’s advanced bartering.