Fiat Money is not backed by 'any one thing.' It is far better than that. It is backed by ‘everything”, the entire gigantic apparatus of macrofinance & not just by everything but by everybody, ‘everybody who is anybody’.”
Chartbook #74 crypto edition
adamtooze.substack.com/p/chartbook-74… https://t.co/2ktjV9FH6c
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…