Modern Monetary Theory: A Primer

No currency has any intrinsic value. A bar of gold means nothing in and of itself. Its just a shiny paperweight

Its what you can get for it, which is extrinsic.

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What currency has ever had intrinsic value?

You can’t eat it.
You can’t drink it.
You can’t use it for any purpose other than a median of exchange.

The Aztecs used coffee beans as currency and shit on gold.

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No, this IS NOT what gives it value. Why is it accepted for payment for goods in the first place? Because people need it. Why? To pay their taxes or run afoul against the law.

Currencies that were backed by commodities, like gold. You can exchange the currency for gold or any other commodity the currency is backed by. The dollar has no intrinsic value. You can’t trade it in for anything. But it is the only thing accepted for a tax liability.

Holy crap you have missed the point entirely. There wouldn’t be a tax to be paid…

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Nope.
UK barely has any personal freedoms. You can’t even carry a pocket knife there. Venezuela has social medicine but they sure as hell aren’t looking out for their citizens. Mexico is run by Cartels. Canada passed a bill that compels personal speech…

Holy crap you have no idea what you are talking about again.

I would say that 99.999999% of us on here would say that you have no idea what you are talking about

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I’m not the one who couldn’t take the premise of MMT to a logical end of the idea…

You’ve insulated yourself in the little blanket of MMT because it precludes you from actually having to think and doesn’t overpower your meager brain.

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Well, coffee is the nectar of the gods so this makes sense.

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Frank Zappa knew all about MMT.

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Countries around the world accept the dollar. That is all based off tax liability in the US?

Interesting.

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I hate coffee.

I know I am in the very small minority on that, but so is my bank account :smiley: (being cheeky)

I love the smell of coffee being brewed just never acquired drinking it.

Shun the Blasphemer!

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Oh my wife is a die-hard coffee fanatic. She gives me shit all the time.

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You mean Magnificent Mustache Theory right?

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:rofl: :rofl: :rofl:

Thats freakin brilliant!

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You have been indoctrinated to not drink coffee, you commie bastard, lol

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I drink the blood of my conquered enemies combined with shots of grain alcohol.

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Should I be dissuaded in any way? Who the hell are the people on this forum? Anyone that has escaped being indoctrinated by the propaganda? No.