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• W1804973344 abstract "This review is about the convenience, the benefits, as well as the destructive capacities of money. It deals with various aspects of money creation, with its value, and its appropriation. All sorts of money tend to get corrupted by eventually creating too much of them. In the long run, this renders money worthless and deprives people holding it. This misuse of money creation is inevitable and should come as no surprise. Abusive money creation comes in various forms. In the present fiat money system suspended in free thought and sustained merely by our belief in and our conditioning to it, money is conveniently created out of thin air by excessive government spending and speculative credit creation. Alas, any too tight money supply could ruin an economy by inviting all sorts of unfriendly takeovers, including wars or competition. Therefore the ambivalence of money as benefactor and destroyer should be accepted as destiny." @default.
• W1804973344 created "2016-06-24" @default.
• W1804973344 creator A5048189936 @default.
• W1804973344 date "2008-11-19" @default.
• W1804973344 modified "2023-09-27" @default.
• W1804973344 title "An Apology for Money" @default.
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• W1804973344 hasPublicationYear "2008" @default.
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