Your Money and Your Life
In the book of which this blog is a part, Capitalism: The Liberal Revolution (CTLR), the discussion of freedom would be incomplete without a discussion of money, for which a full chapter would be appropriate. Such a chapter is planned. The discussion in this blog post is of the experience in the United States of America since the start of the Great Depression of the 1930s, and especially the experience of the last decade of the 20th century through the first two plus years of the second decade of the 21st century. However, much of what is described here has also transpired similarly in many of the countries of the world over the same time. For much of recorded history an entity known as "the state" has imposed a monopoly power over the creation of money. State power to create money is not the basis of the value of money. The value of money is based on the productive capacity of society. The value of money is virtually nil in a country that is desperately poor due to the coercive rule