Conversation
Notices
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@yukiame @mjd re: origin of markets, please read the link I gave you, and/or provide me with links to history papers that back up your claim
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@strypey The only substantive problem I have with your blog post is that currency-issuing gov's do not "fund the social functions" they carry out with taxes. Not one cent. They issue IOUs when they spend & cancel them when they tax. The money disappears in a puff of accountancy.
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@strypey There's no history required to demonstrate this, just basic double-entry bookkeeping. See "Deadly Innocent Fraud #1" in http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
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@strypey Oh, sorry. I see. RTFA. #Facepalm. You were asking @yukiame. As I'm sure you know from #Graeber, markets predated nation-states, but only because local parishes functioned equivalently as sovereign governments with their own transaction-clearing procedures and so on.
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@strypey Of course in those days, taxes were collected in grain, and you could get a pint of mild, a pork pie, and a packet of Woodbines, and still have change for a box of matches. Aye. These were all fields when I were a lad…
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@mjd predated "nation-states" in the modern sense, yes, but not "states" in the sense of a sovereign power holding a monopoly on violence
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