š¯•¸doge on Nostr: Capital is savings, real value, invested in entrepreneurship to generate even more ...
Capital is savings, real value, invested in entrepreneurship to generate even more value.
If you support that voluntary system in state-issued fiat money, which also allows banks to have fractional reserve. What you get is something a little better than playing Monopoly with colored paper money.
You can't call this surrogate collusion between the state, the gang and big corporations (who lobby to intervene in the free market in their favor) capitalism.
If you support that voluntary system in state-issued fiat money, which also allows banks to have fractional reserve. What you get is something a little better than playing Monopoly with colored paper money.
You can't call this surrogate collusion between the state, the gang and big corporations (who lobby to intervene in the free market in their favor) capitalism.