[p2p-research] All Money is Fantasy

[Kevin Carson]

On 10/13/09, Ryan <rlanham1963 at gmail.com> wrote:

> All Money is Fantasy
> via Open the Future by Jamais Cascio on 10/13/09

> I start with the observation that all money is fantasy. I laugh/sigh when I see "gold bugs" going on and on about how money should be tied to gold, because gold has "real value."
>

Requiring money to have some intrinsic value, in the sense of a store
of accumulated past value, misses the whole point.  The point is to
have a *measure* of value for present and future transactions (i.e.,
the rate at which my labor is exchanged for yours).  We shouldn't need
to have an accumulated store of past value to exchange present and
future services.  That's the whole point:  to enable trade even when
there's "no money" in the conventional economy.


-- 
Kevin Carson
Center for a Stateless Society http://c4ss.org
Mutualist Blog:  Free Market Anti-Capitalism
http://mutualist.blogspot.com
Studies in Mutualist Political Economy
http://www.mutualist.org/id47.html
Organization Theory:  A Libertarian Perspective
http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html