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View Diary: Lower the Ceiling and Raise the Floor (203 comments)

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  •  You're right that money (3+ / 0-)

    is just a placeholder for things of value. But on a societal level 'things of value' boil down to real property and labor dedicated to an enterprise.

    Problem is that our monetary system must continually 'grow' the money supply - as the 'cost' of moving the chits around. Meanwhile, the actual value of real property and labor goes down and down the more the inflated chits are amassed and moved around. Remember Doctor Evil's "One MILLION Dollars" attempt at extortion when the world was dealing in billions? Now we're supposed to think in terms of TRILLIONS, while the value of our property and labor sinks ever lower. Hence we are subjected to the devaluation of our properties as well as our labor and for too many, the arbitrary removal of the small hope for a decent day's pay for a decent day's work.

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