“If modernity is characterized by a loss of the sense of the real, this fact is connected to what has happened to money in the twentieth century. Everything threatens to become unreal once money ceases to be real.
Money is one of the primary measures of value in any society, perhaps the primary one, the principal repository of value. As such, money is a central source of stability, continuity, and cohesion in any community. Hence to tamper with the basic money supply is to tamper with a community’s sense of value.”
Paul Cantor, Literature and the Economics of Liberty
“One of the most nefarious consequences of dishonest money is to destroy our ability and willingness to act responsibly in the light of our own judgments. It has led us to replace common sense by compliance. We have substituted the law for what is moral and what is right. We have substituted audit checklists for an auditor’s judgment about what is true and fair. And we have substituted phony mathematics for the judgment we once possessed in understanding the nature of value and that of risk.”
Anthony Deden, Investment Value in an Age of Booms and Busts
Honest money is free of debt and interest. But we can’t get there from here. It will take a rebirth of cosmic values first and then honest money has a chance.
“If modernity is characterized by a loss of the sense of the real, this fact is connected to what has happened to money in the twentieth century. Everything threatens to become unreal once money ceases to be real.”
“Money is one of the primary measures of value in any society, perhaps the primary one, the principal repository of value”
Those two thoughts are at complete odds with one another. Money has NEVER been real. Money has ALWAYS been an accepted fiction, a theoretical premise based on an agreement to ignore reality.
The correct perception is that once we accepted money as real, everything became unreal.