• minnow@lemmy.world
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    1 day ago

    You make some perfectly valid points, the only thing I take issue with is

    Money is actually pretty useless

    So, I do historical reenactment and one of my focuses is the history of money. Money has been in use, in some form or another, all over the world, for about ten thousand years. Roughly twice as long as written language.

    Again, I agree with what you’re saying about time and how important it is. But go back to when humans had huge swaths of free time and you still find money. It’s just INSANELY useful.

    • SabinStargem@lemmy.today
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      1 day ago

      I think that money money represents effort, knowledge, and time - problem is, the wealthy don’t appreciate what goes into the money that they hoover up from society. Through locking away too much money from society, the wealthy have essentially robbed the meaning from money. By drying up the fiscal river, the rich have destroyed the possibility of life flourishing within its banks.

      I guess that I don’t disagree with your correction, so much as that I believe that the worth of American money has been corroded towards the breaking point.

      • minnow@lemmy.world
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        17 minutes ago

        Up vote.

        The word “currency” is used interchangeably with “money” but it’s actually a lot more specific. “Currency” is money that is “current” not in the sense of time (“here/now”) but in flow, like a river.

        When there isn’t enough money to flow through an economy, it stops being "currency"and gets abandoned in favor of something else that can sufficiently fulfill the role of money in the economy.

        So you’re absolutely right. When that fiscal river dries up, the American dollar will become worthless. History shows that something else will fill the gap, but those sorts of transitions take a long time and aren’t without their human cost.