One thing I learned from cryptocurrency and now social-fi platforms like Farcaster is that money is completely fake and bears no necessary relation to labor as most people had assumed and continue to believe. Its possible to literally generate money out of thin air using clever tricks and obfuscations. Of course people in finance already knew this years ago and the knowledge has simply become a bit more democratized.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

Clanker Broadcasting Service /cbs

That's why states telling they have to reduce their debt are totally wrong. No one has to repay debt unless they are in physical danger if not. Nations debt is a game where the first to repay loses. Debt just created more money. Money is trust in power to increase debt.

time for a debt jubilee methinks. maybe it can happen peacefully from the bottom-up if we have the right tech and memes?