How money works - Inverted Passion

as the trend progresses, it comes to be understood that the central, underlying system that is being corrupted is the currency, that most of today’s political and financial malfeasance depends on easy money, and that inflation is an ongoing policy of this pervasive new regime. When this realization becomes sufficiently wide-spread, the trends towar

As work is replaced by the sheer movement of information, money as a store of work merges with the informational forms of credit and credit card. From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself.

Printing money is a stealth tax on wealth that disincentivizes holding money, as above. It has the same first-order effect on wealth transfers but has hidden second-order effects of misdirecting capital due to political expediency and cowardice.

The Cantillon effect is justified as a public good. The Cantillon effect refers to the phenomenon that newly debased money is not distributed equally throughout society all at once but is introduced in a specific place, giving its initial holders illegitimate purchasing power at everybody else’s expense.