Re:How I Think About Debt
by throw0101d on Tuesday May 07, 2024 @01:12PM
(#40288552)
> Respectfully, this is the type of true-that-sounds-deep statements that are absolutely shallow and pointless.
And yet people still insist on the idea that money (or, quite commonly, gold) does have some kind of intrinsic value. The statement may be trope-y, but it's a psychological hurdle that many folks can't seem to get their head around.
Respectfully, this is the type of true-that-sounds-deep statements that are absolutely shallow and pointless. Yes money the "paper" is not worth anything, but the same could be said of anything in an organized society. Ownership means nothing, it's just a title backed by the government which has a monopoly on violence. Ethics means nothing, it's just something we culturally decided was desirable because if you feel a-ok with murder any trip anywhere would turn into a blood bath.
At this point it should be a named fallacy (maybe it is), if we are discussing the merits of debt as a tool, saying "money isn't worth anything" as if it means something is not some ground breaking statement.