An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Since money is totipotent (having the capacity to obtain a wide variety of goods and services many necessary for survival), to steal a term from biology, it is part of Nature that especially those dysfunctionally raised to have an antisocial (as opposed to a prosocial one) mindset will seek to gain easy and even fraudulent "rent" from this "totipotent facility" wherever they can achieve it. The creation of money and financial instruments was a logical next step for easy "rent seeking" and especially so where surplus value from goods and services industries production seeks a home to maintain monetary value and even increase that value.
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Since money is totipotent (having the capacity to obtain a wide variety of goods and services many necessary for survival), to steal a term from biology, it is part of Nature that especially those dysfunctionally raised to have an antisocial (as opposed to a prosocial one) mindset will seek to gain easy and even fraudulent "rent" from this "totipotent facility" wherever they can achieve it. The creation of money and financial instruments was a logical next step for easy "rent seeking" and especially so where surplus value from goods and services industries production seeks a home to maintain monetary value and even increase that value.
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