Society & Culture:Philosophy
Domain Query: Mo’ Money, Mo’ Problems
Reader RT asked some very interesting follow-up questions on my Telegram channel to my latest Didactic Mind podcast, related to the issues of what money is, what it does, and why inflation is so evil. The follow-up questions have to do with how money came to be, what it is today, and a set of ancillary questions about political economy and the possiblities of European energy independence:
Weren't money established as a means to pay taxes, among other things? I guess it would be historically defendable and one way of centralizing power in the hands of state was to remove the right to coinage of local lords, at least here in Europe. It also raises the interesting question if cryptocurrency is money.
There is a political dimension to economy and I can understand Europe's desire to be independent from Russian energy supplies as much as possible (although why to be dependent on the US?). Autarky is hardly achievable goal but still… That leads to the question what domestic resources Europe has (.e. coal) and if or to what extent they could replace Russian or American gas? From this point of view even the so called green energy has a merit if it is managable. This question arises due to the fact Europe was a rich continent even before importing Russian gas and there is no guaranty that in 2 generations Russian government will still be as reasonable as it is today.
This is a wide-ranging series of questions encompassing a very large number of different questions and ideas, so the resulting podcast is quite a bit longer than my usual Domain Query responses. Essentially, my views are:
Here's the podcast. As noted at the beginning, be sure to join my Telegram channel if you have not already done so, as the questions you see above are an example of the kinds of intelligent discussion that you will find in that channel. (Along with the inevitable parade of tactical minutiae, pawsitivity, hot girls, and general shitposting - it is a channel by men, for men, after all.)
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