A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

  • unfreeradical@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Value is generated by work, but valorization is based on processes of use or exchange. Generally assets have intrinsic value. Fiat currency has no intrinsic value. Its value derives from the state assuring a demand for goods and labor, which will be purchased in the currency, from assuring the availability of investment assets, which will promise a return above an original value, and from regulating the supply, to assure that the values of ordinary goods will remain generally stable.