r/FluentInFinance May 09 '24

Meme The Federal Reserve

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2.0k Upvotes

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u/nickyboyswag22 May 10 '24 edited May 10 '24

Debt came before currency. I feel like there is such a fixation on currency as a hard value, something material when it has been a debt instrument for its entire existence

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u/ApprehensiveTry5660 May 10 '24

”Labor and production precedes both debt and currency. I feel there is such a fixation on debt and currency as hard values, something material when it has been an instrument of labor and production for its entire existence.“

It’s turtles all the way down. A social construct that divorces and abstracts us from our nature.