I posted the video link because I thought it was interesting. While the video has a conspiracy theory bias to it, it’s pretty accurate.
However, private wealth creation is the very feature of Capitalism. When wealth is created, we need a way to monetize it, so we can’t have the government controlling the money supply.
Say the money was restricted by the government, and you wanted to sell your house at a $250k profit. Where is that “new” money going to come from? Without the ability to monetize wealth, we’d soon find an alternative like the house for $200k (finite money) plus a herd of sheep.
As imperfect the system we have, it’s the best anyone has been able to come up with.
I believe there are 3 mains issues:
1) Fiat money.
2) Legal tender laws that force us to accept the fiat money.
3) Money/wealth creation. Without money creation, we wouldn’t have a stock market. Like love, money is whatever you think it is. And no money, no honey. 😉
