Money is simply codified human trust bonds.

What is money for?

Money is a tool to get other humans to do things for you, and to have a guarantee that the work will actually be done.

  • Money dollar Bill ERIC KIM
  • United States federal reserve
  • Andrew Jackson money macro ERIC KIM

Money as codified power

“We the people”.

Trust in currency is a declaration of sovereignty. A“sovereign” can also be a gold coin (like it is in the UK):

So in some ways, money, power, and the trust in a ruler or government is all tied together. Why does America run the world? Simple — the US dollar hegemony (Henry CK Liu). What we have in money right now is “fiat currency”— the trust that if at will someone or any foreign entity asked America to repay her debts, she should be able to repay with gold, goods, or any other thing of value. But the hilarity— once Nixon took the US off the gold standard in 1971 (at $35 an ounce!!!) the American government can simply print money at will.

Economics by KIM

  1. Individual Economics
  2. How to Become Economically Independent
  3. Economic Dependency
  4. It’s the Economy, Stupid
  5. ERIC KIM PHILOSOPHY OF MONEY
  6. Debt is the Devil
  7. Capitalism is Cruel
  8. In Praise of Capitalism and Consumerism
  9. Capitalism as the Road to Tolerance
  10. DIGITAL CAPITALISM
  11. Capitalism 2.0
  12. In Praise of Capitalism
  13. CREATIVE CAPITALISM
  14. ZEN CAPITALISM
  15. Universal Basic Income

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