TheFockinFury on Nostr: Non-socialist with a economics degree here. Fiat money is not a socialist concept. ...
Non-socialist with a economics degree here. Fiat money is not a socialist concept. It’s a facet of all manner of modern economies. The central pillar of socialism is collective ownership of the means of production, which in practice results in the direct intervention by the government in all aspects of the economy. Control over monetary policy and issuance is not a hard requirement for a socialist state to function; the state would simply adapt to their lack of control over money supply by exerting control in other areas.
Published at
2023-10-03 16:24:42Event JSON
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