Wednesday, July 20, 2011

Money, money, money...

I've been reading a lot recently, lots of different topics. When you're a polymath, you have to.

I am currently finishing off When Money Dies, which is a lot at hyperinflation in Germany in the 1920s. Rather scary, really. Deficit spending to pay for a war (which they didn't win), people losing confidence in the coin of the day, and the rise of extremists (particularly ones on the right wing of politics) who target scapegoats for the problem.

I wonder what that reminds me of...

It does remind of something that I've long held: Money is an illusion, it is an abstract that allows us to keep track of bartering. It only really exists while people believe in it... Once people wake up from the dream, everything goes sour.