"Money is created by states and always has been; it is not something that exists independently of..."

“Money is created by states and always has been; it is not something that exists independently of governments. Money is always the ‘promise to pay’ by a government. Its value is not reliant on the intrinsic worth of a metal; it is a measure of people’s trust in the permanence of the state.”

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Paul Mason, PostCapitalism: A Guide to Our Future (2015)

from Stowe Boyd http://stoweboyd.com/post/126994806892