hylomorphic on Nostr: that’s the problem with fiat debt-based money, the word “debt” itself becomes ...

that’s the problem with fiat debt-based money, the word “debt” itself becomes incoherent.

when civilizations debase money, they soon cease to exist.

giving profits back, what does that have to do with anything? the extraction of productive energy occurs through debasement, the expansion of the money supply.
ending, auditing, oversight, all just an elaborate show to make people think it’s not what it is.

if value was purely subjective, then there is nothing logically wrong with fiat. it’s valuable because we say so
a gnostic speculative fantasy

but there is this thing called objective reality, we all exist in it.

value is hylomorphic, both objective and subjective.

work, expended energy toward an end, objectively grounds all value in reality.
yes, we subjectively value things differently, but value not tethered to objective reality is logically invalid.

it’s not your fault, most people aren’t philosophers and aren’t capable of examining their thoughts to ensure the logic is valid all the way down to metaphysical bedrock

that’s why u need my book. then you can be your own node and reject the stupid incoherent bullshit people mutter