A century of government control over money & education has popularized the Marxist idiocy that money is a faith-based hallucination, with no regard to economic properties. So many repeat this cliche as if it is profound, when it's just ignorance.
https://twitter.com/ConnerBrrrrrrr/status/1352752301853855752?s=19
No matter how many people choose to share the belief that copper, sand, or plastic is money, they will all fail as money because they don't have the properties needed to be money. Just like it doesn't matter how many people choose to share the belief that shit is food.
People who eat shit will die and people who use copper, sand or plastic as money will witness their wealth disappear. No amount of shared believing in moron Marxist hallucinations can alter that reality.
No matter how hard you hallucinate and share beliefs with Marxists, if your money is easy for others to inflate, your wealth will disappear and you won't have any money left to believe in. No matter what people want to believe, economic properties will determine what money is
No matter who wants to believe what, the brutal economic reality is that all inflationary moneys will tend to zero and only non-inflationary moneys will hold value over time, meaning all monetary wealth will inevitably end up in the least inflationary goods.
The reason Marxist stupidity is so popular on this question is not that it makes any sense, but that these useful idiots provide intellectual justification for govt control of money. If anything can be money, let's all believe in govt slave scrip & it'll work as well as gold!
This is why semi-literate Marxists dominate academia, after every single Marxist idea on economics has been proven completely idiotic. Idiocy is a prerequisite for believing in govt money & nobody trains people for idiocy like Marxists.
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